Older entrepreneurs are much less willing to sacrifice their health for the change of making someone else rich. They’re generally harder to push around and intimidate too, making them much less attractive targets for investment.
A reality is, experience generally pays and leverages.
On one hand, being inexperienced leads to a great deal of openmindedness, which despite being exciting as hell, can fall prey to chasing shiny objects and not being able to think big enough or see big enough to stick with something for a few years.
Take the small group of new entrepreneurs who launch, and many inevitably get forced out by having growth CEO's come in. What if they leveled up so VC's couldn't replace them as as easily?
Experience who doesn't become close minded, jaded, or burnt out in their 20's after chasing VC's as paying customers instead of customers as customers.
I've long felt there needs to be better mentorship for folks starting out, and those just a jump or two ahead of them (and a jump or two ahead of them).
The point _you responded to_ is saying that silicon valley investment favors youth because they can get better ROI by working younger folks harder and extracting better terms. They're saying older folks are harder to do that to, and you're saying "that sounds good" without specifying who you think it's good for.
It's good _for entrepreneurs_ to have more work life balance, not get burned out, and capture more return for their hard work. It's good _for investors_ to get max returns from their investments. There's a set of parameters to maximize returns for both parties.
You don't clarify what you mean by "a good thing."
To be fair to the grandfather comment, that was the point.
I'd like to paraphrase it. "The child comment was unclear so it doesn't appear to add value."