Re:Paul Graham, Dropbox and The Single Founder Exception
by sunnydaynow on Wednesday October 19, 2011 @08:37AM
(#3129837)
The 25-year old knows that if his startup fails he can easily find a first (or new) job at Google etc two years later. That does not apply to 45+ year olds. The risk is much higher.
Re:Paul Graham, Dropbox and The Single Founder Exception
by ig1 on Wednesday October 19, 2011 @08:54AM
(#3129893)
I don't get this, presumably by that point in their career they'd have a huge network of people they've worked with in the past and who would be eager to hire them ?
Re:Paul Graham, Dropbox and The Single Founder Exception
by 4click on Wednesday October 19, 2011 @09:33AM
(#3130036)
When you're at that point in your career you cost a lot more to hire and there are fewer positions, especially since it's usually better to promote an insider instead of hiring a buddy from outside the company.
Most of the people who are just finishing university and getting into YC aren't people who would be struggling to find jobs, these are people who are choosing to work for a startup over going to work for Google or Goldman Sachs for a six-figure salary.
The fact that someone older is more likely to have a mortgage and family commitments and thus be unable to relocate for three months and give up their salary is far more likely to weed out older candidates than the co-founder requirement.