Don't really disagree that older founders are generally going to be more competent/experienced, but is an alternate interpretation of the data that as people get older their appetite for doing risky things decreases?
Failure is less costly for 20-something entrepreneurs than 40-something with family and mortgage to pay. And so you get more "starts" by young entrepreneurs where failure basically doesn't cost a lot. And less "starts" by 40-somethings unless they really think they have something worth taking the risk on.
Failure is less costly for 20-something entrepreneurs than 40-something with family and mortgage to pay. And so you get more "starts" by young entrepreneurs where failure basically doesn't cost a lot. And less "starts" by 40-somethings unless they really think they have something worth taking the risk on.