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I think that there is also a certain (to a large degree realistic) pessimism that comes with age. It's not just that younger people are less risk averse (though they are), it's that they are less likely to think that they will fail.

Lots of successful startups could have a post-hoc analysis of "Holy shit we were stupid, but we worked hard and got lucky"

Or, as a friend of mine put it, inexperienced people don't succeed because they know something that experienced people do, they succeed because they don't know something that experienced people do.

Reminds me of Pixel (the cat from Heinlein novels and others), who teleports and travels through walls because the cat simply does not know such feats are impossible.

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