Two advantages that older entrepreneurs have is domain expertise and industry connections. For example, I know some people who started companies that contract out to the US government and make a killing doing it. I don't think an under-25 entrepreneur would be too successful doing that unless they're well connected (involves writing proposals, which most 20-somethings aren't going to be good at) .
My observation is that most young entrepreneurs stick to building consumer internet products that don't require a lot of domain expertise.
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Two advantages that older entrepreneurs have is domain expertise and industry connections. For example, I know some people who started companies that contract out to the US government and make a killing doing it. I don't think an under-25 entrepreneur would be too successful doing that unless they're well connected (involves writing proposals, which most 20-somethings aren't going to be good at) .
My observation is that most young entrepreneurs stick to building consumer internet products that don't require a lot of domain expertise.