I saw people quoting Charlie Munger. Munger has done extensive study on the topic of incentives. If you want to know why Silicon Valley is so discriminating towards experienced people you should ask what their incentives are.
Startups are incentivized to hire the cheapest, youngest, most naive engineers possible, work them as hard as possible then flip them. If you are old you are no longer cheap or naive. If you aren’t naive, you are unlikely to work 80 hours a week. You can no longer be flipped.
Silicon Valley startups want Ivy League type executives. Why? Because the investors trust them more. Humans give money to people who resemble themselves. Ivy League VC give money to Ivy League executives.
Joining a startup has a very low probability of making you rich. In fact, they are specifically designed not to make you rich as an engineer.
To make matters worse, you have to spend 3-5 years of life you will never get back trying to get the lottery payout.
You getting rich as a non founder at a startup means the executives and venture capitalists miscalculated something. Why would they pay you a cent more than they need to? There are plenty of people in the valley who will now work for just their base salary and nothing more. Why should they give you a single dime more than this?
If you are a typical high functioning aspergers engineer, you are better off using your skills to become a quant or a trader in the finance industry. Teach yourself.
The tools have advanced to a point where anyone can access huge amounts of leverage.
I was an engineer for a long time and I realized that all sides of this is a losing game. All I want is to be left alone and financially independent.
Big companies are just as bad, except they don’t pretend there is a chance you will get rich.