When you’re 20, you have fewer bills and can take more risk. When you get to be 40 you are likely to have a mortgage, a spouse, kids, a dog and other responsibilities that require a steady check. But more importantly when you’re 20 you have no idea how hard it is to sell a solution to a large company or get lots of consumers to buy something or create a media network large enough to attract advertisers. Your naivety is an asset. You’re so focused and passionate about whatever it is you’re doing you can’t imagine the hurdles so you just go after it and when you hit a hurdle you climb over it. Once you’ve been in business for 20 years you start to realize how hard it is to make changes. You are aware of the hurdles, you run from them as you know how high they can be. Your experience can become a liability. Investors, especially on the east coast, focus on experience. In many cases they are missing the boat as they did with Facebook. My point, naivety can be a good thing if the passion is strong enough to overcome the hurdles that are blinded by that inexperience.