I teach a course on software product management where I sometimes cross over into startup-land. During a recent class, I showed students a rara-talk by a VC, who was trying to convince them to become entrepreneurs. So I asked the class:
Statistically speaking, a 40-year old entrepreneur is much more likely to succeed than a student entrepreneur. Why is this venture capitalist so eager to get you to become an entrepreneur rather than a more experienced person?
After a bit of back and forth, one student finally said:
Well, if it takes 10 years to grow a startup, a 40 year old entrepreneur may not be be able to stick around for such a long time.
I’ve gotten used to such statements and take them rather stoically. A 40-year old PhD student of mine, however, was rolling on the floor laughing.