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August 26, 2004

Importance of 20-something

Mike Moritz of Sequoia Capital on why betting on 20-something pays off in the long run -

Imagine every day in your life working with 25, 26, 27-year-olds who've got a fabulous idea, who see no boundaries, see no limits, see no obstacle that they can't hurdle—it is the most stimulating environment that you can ever be in.
And you know full well that tomorrow—or next week or a month from now, or a quarter from now, or a year from now—there'll be more exciting, incredibly exciting adventurous people. Like Steve Jobs, age 19, many, many years ago. Jerry Yang and David Filo age 25, 26. A couple of guys we backed recently, where I told somebody 'Boy, we just founded a company that's got three people in it, and the total age of the company is 64 years old.' That's what sort of gets our collective blood gushing. It is just an incredibly stimulating place to be, and the moment you think you've seen it all, or you think you've heard all the good ideas is the moment you begin to go out of business.

Google CEO has an interesting prescription -

What you want is the people who are very low paid, working themselves to death, and all the right things happen.

In a way it boils down to the age-old rule that the younger you are higher the probability of focusing all your energy in a particular area. Less dispersion of that energy.
No wonder all great physicists and scientists had their best work in the age group of 20 to 30. They simply work their ass off. Linus wrote most of the Linux Kernel in that age group.

Read the complete interview here.

August 26, 2004 in Entrepreneurship | Permalink


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