If, for example, 20% of YC-invested founders are in their 30s and 20% of applicants are in their 30s, then in all likelihood age is a complete non-factor in their investment strategy. YC applicants are just disproportionately likely to be younger, due to the fact that older people are more likely to have financial dependents and commitments which make it far more difficult (if not entirely impossible) to do the 3-month-long YC experience.