Is There an Age Bias in Venture Capital?

Seth Levine, a managing director with venture capital firm Foundry Group, asks this question in an October 13th commentary appearing on CNNMoney.

In his piece, Levine recounts his reactions during a pitch meeting for a social networking related business.  The presenters were three entrepreneurs, all in their late 40s or early 50s and dressed in suits.  “Certainly there is some amount of age bias in venture. Early stage tech is considered somewhat of a young person’s game,” Levine writes.  “And while I’ve worked with many very experienced entrepreneurs who were and are fantastic, I wonder if the initial pangs of question I felt on entering a room with three, middle-aged guys in suits pitching me their business plan is something that is deeper than a momentary hesitation.”

The full commentary can be found here.

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About Lynne Strang

I'm a writer who blogs about 40-and-older business owners. I am also the author of "Late-Blooming Entrepreneurs: Eight Principles for Starting a Business After Age 40." Outside of work, I enjoy reading, cooking, vegetable gardening and exercise (especially cycling).
This entry was posted in Business, Career Changes, entrepreneurs, Entrepreneurship, Leadership, Retirement and tagged , , , , , , , , , , , . Bookmark the permalink.

2 Responses to Is There an Age Bias in Venture Capital?

  1. I would hope that good businessmen can recognize good business. Although, I am in my 60’s, I find it interesting that for whatever reasons, I have endured, in teaching young people.

  2. lbstrang says:

    I bet you’re well liked by your students — and they care more about what they get out of your class, rather than how old you might be. A win-win situation!

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