Re:The Investor Betting on People in Their 50s
by e40 on Sunday February 09, 2025 @02:02PM
(#42992750)
I see it a little differently.
I was a young founder that turned into an old founder. Same company for 40+ years, no exit. We talked with VCs and potential investors many, many times. Once we were past a certain age, they became much less interested and my take on the reason is:
At a certain point, we had a lot of experience running a company. All parts of it. When we interacted with VCs or potential investors, the things they can pull on a 20 year old were obviously not going to work on us. I'm talking about financial slight of hand, terms in contracts, etc.
As for the disruption, I feel it's not the young that do it. Some companies started from experienced founders who couldn't get it done in their current company and went on to found a new, successful company:
I was a young founder that turned into an old founder. Same company for 40+ years, no exit. We talked with VCs and potential investors many, many times. Once we were past a certain age, they became much less interested and my take on the reason is:
At a certain point, we had a lot of experience running a company. All parts of it. When we interacted with VCs or potential investors, the things they can pull on a 20 year old were obviously not going to work on us. I'm talking about financial slight of hand, terms in contracts, etc.
As for the disruption, I feel it's not the young that do it. Some companies started from experienced founders who couldn't get it done in their current company and went on to found a new, successful company:
* WhatsApp
* Instagram
* Netflix
* Loudcloud