“Today, a 25-year-old can easily raise $5 million for a half thought-out business plan but a 45-year-old will struggle to raise even $500,000 for a well-conceived idea. Most startups took their first steps based on a very basic business model but have evolved and in some cases, metamorphosed into something else entirely. The belief in the ability of a young team to come up with multiple ideas on the fly is stronger than the belief in a person who has significant experience. This can be best summed up in the quote, ‘If youth only knew: if age only could’. VCs bet more easily on the lack of knowledge and go slow on lack of energy,” he adds.