> When VCs profile the successful investments, young, smart and driven all correlate.
I would be very surprised if investments with old, smart, and driven people were correlated with failure. Considering the bias against age is so strong, I believe more than one person would have reveled in pointing that out already if the data remotely allowed for that conclusion.
> Experienced engineers with families can seldom afford take those risks.
There's a difference between what they say the reasons for discrimination are and what they actually are. There are plenty of young developers with families and plenty of old ones without (including myself) - it's not clear at all that having a family makes you less likely to get hired.
I think the primary reason why founders only hire young people is also the reason why employees are more likely to be white and male, and it's got nothing to do with malice per se. The reasons you hear against the hiring of people belonging to a certain group always sound similar, and that's because they're made up after the decision was already formed on an emotional level. The simple truth is that most people like to surround themselves with other people who are just like them. For an entrepreneur more often than not this means hiring the young.
The simple truth is that most people like to surround themselves with other people who are just like them.
That fits with the frequent discussion/advice about how important it is to hire to fit the "culture" of a company, particularly a startup.
Reminds me of a funny moment at a previous job in a field office providing technical support for pre and post sales (us old timers have lots of stories, don't ya know). There were half a dozen field offices sprinkled around the country. Ours was by far the most diverse - two Iranians, two Chinese, an Indian, a Finn, a Latino, and about six white guys and girls. We were also the highest performing by a large margin. At an annual meeting of all the offices the manager of the Bay area office (consistently lower performing which baffled everyone since they were in the heart of Silicon Valley) talked about how they were working on performance improvement by recruiting candidates that would fit in well with their group (all young white guys). When our offices's turn came one of the technical leads, an Iranian guy, stated "our diversity is our strength". The whole Bay area team appeared totally deflated.
I would be very surprised if investments with old, smart, and driven people were correlated with failure. Considering the bias against age is so strong, I believe more than one person would have reveled in pointing that out already if the data remotely allowed for that conclusion.
> Experienced engineers with families can seldom afford take those risks.
There's a difference between what they say the reasons for discrimination are and what they actually are. There are plenty of young developers with families and plenty of old ones without (including myself) - it's not clear at all that having a family makes you less likely to get hired.
I think the primary reason why founders only hire young people is also the reason why employees are more likely to be white and male, and it's got nothing to do with malice per se. The reasons you hear against the hiring of people belonging to a certain group always sound similar, and that's because they're made up after the decision was already formed on an emotional level. The simple truth is that most people like to surround themselves with other people who are just like them. For an entrepreneur more often than not this means hiring the young.