surprising trend: for years it felt like a substantial fraction of the most impressive tech founders were under 28 or so. in the past few years, very few of them are. what changed?

Sep 17, 2022 · 8:48 PM UTC

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(i think crypto is part of the story, but definitely not all of it)
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Replying to @sama
It's far more difficult to run a successful SaaS business now... Way more competition executing at a higher level.
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Replying to @sama @CatClifford
Maybe favor millennials because you are one. Pattern matching.
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Replying to @sama
Ryan Breslow is getting older
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Replying to @sama
It's less about super innovative out of the box stuff and more about offer a better version of something already out there?
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Replying to @sama
The market is witnessing a shift of trust from traditional stock exchanges to digital currency markets.
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Replying to @sama
Immutability itself is blockchain, which makes real-time auditing reasonable and cost-effective, which is why millennials believe crypto transactions are less likely to be manipulated.
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Replying to @sama
Experience was always a benefit. There just weren't many experienced tech people 20 years ago.
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Replying to @sama
The alpha is now on being initiated on tech that needs more education or academic preparation to start. It's hard to be exposed to nuclear fusion tech, aerodynamics simulations and ML without having done some basic research yourself.
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Replying to @sama
My guess, required risk tolerance plus high-yield university pipelines concentrated VC $ on young demographic. VC $ then evolved to woo experienced operators with de-risked early stage deal structures to saturate the rest of the pool of founders.
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