I am so happy to see social justice warriors fixate on a topic that isn’t completely stupid for once: Age Discrimination in Silicon Valley!
People over 45 basically die in terms of new ideas. —Vinod Khosla
The guys with kids and mortgages are at a real disadvantage. This is one reason I’d bet on the 25 year old over the 32 year old. —Paul Graham
Most of history was built by young people. —Naval Ravikant
IEEE posits that the engineer’s half-life of knowledge has fallen from ten years in 1960, to only a few years today. As a result, tech companies must continuously discard and replace their workforce to stay in the game.
Sadly, age discrimination doesn’t stir liberal hearts the same way gender discrimination does. Partly because SJWs tend to be young and stupid, but also because ageism is a relatively new phenomenon. Until recently, most people died by 30.
Kidding. The tech industry used to respect their elders. During the dot-com era, VCs weren’t throwing money at hoodie-clad kids. They were investing in older people. That’s right, the founder of Webvan was 48 years old. The Pets.com sock puppet was created by a 43-year-old woman. eToys was founded by Bill Gross of Idealab at age 39. Even when companies were started by young people, investors quickly hired grown-ups to take the helm.
I remember all this because I AM OLD.
The preoccupation with youth might be just a fad. After a few more spectacular implosions like Theranos and Quixey and Jawbone and Quirky, investors might want to stack their portfolio companies with adults again. Khosla may be correct in stating that old people don’t have new ideas, but any VC can tell you that ideas are a dime a dozen — it’s all about execution. So there might be hope for us old folk yet.