I think part of the problem with VCs giving money to older guys to start a business, as opposed to writing software, is that if they were any good at building business that you'd kind of expect them to be rich already. When that is the case such as Joel Spolsky (49 ish) raising money for Stack Exchange there are no problems. Basically any VC would write him a cheque. But I can see the problem with a 49 yr old guy say…
The article focuses on an example of a guy who had totally proved himself with past success, and yet still encountered ageism. Here's how he's introduced: > The most impressive entrepreneur in Scheinman’s portfolio who hadn’t caught on was a fortysomething Boston-based engineer named Nick Stamos. In the early 2000s, Stamos had been the chief technology officer at one start-up that eventually hit a market value of $1…
Even if a VC says they like the idea doesn't mean that it is investable.