Why Older Entrepreneurs Are Crucial, Even in Silicon Valley

April 24th, 2013 / No Comments »

By Vivek Wadhwa

It wasn’t long ago that age was equated with knowledge. The apprentice learned from the master and the disciple from the guru. Older workers earned higher salaries because of their experience.

Even today, we feel more comfortable with doctors, airline pilots, and Presidents who have grey hair. Yet older workers in many industries can’t even get interviews. When they do get job offers, these are often at lower salaries. In Silicon Valley, investors openly talk about their bias towards younger entrepreneurs — some argue that Internet entrepreneurs peak at the age of 25.

True, some older workers become complacent as they age. They become set in their ways, stop learning new technologies and believe they are entitled to the high wages they earned at their peak. Their careers stagnate for a valid reason. But these are the exception rather than the rule. Whether it is in computer programming or entrepreneurship, older workers have many advantages — they still are the experts…….