Based

Reducing (perceived) risk in software startups, making it attractive to demographics with a lower risk tolerance. e.g. I’d imagine Web3 founders are still relatively young on average.

Becoming a founder is increasingly de-risked (financially and socially). Experience + naive optimism trumps naive optimism alone.

I suspect many are working on hard problems out of sight and/or non-profit that matter to them more than the next look-alike thing. When the solution is 50-100 quarters away investor's appetite to support is small.

A thought: The era of the “Th Social Network Film” inspired a cohort of entrepreneurs. That group is mostly over 28 now 👨🏻‍💼

Tech has shifted from being 'new' to being engrained in society. Which has resulted in attractive curiosity paths being present. There is now a nurturing phase rather than jumping in the deep-end directly. A way to build experience first, then found once curiosity limit peaks?

the youngest generation is being psyop’ed toward exploitative get-rich-quick schemes that are crowding out their innovative edge.

Because they’re mostly building in web3

The early golden age of programming required exploration and disruption. The best suited were disobedient young white males, according to the data. As software matures it integrates into established industries, hence the best suited are older with industry grounding.

Gatekeeping and politicization of recruiting/financing for new projects and ideas. As those who climbed up the social hierarchy begin aging, they tend to pull the ladder up from beneath them to prevent the next generation from ascending.