This is also the trend what prominent Silicon Valley investors too follow. They say youth being an advantage in entrepreneurship and they invest on young guns.

Wadhwa argues that if one looks from the employer point of view than things will get clearer, when an employer can get a fresh graduate for a lot lesser pay than the senior ones with out-dated-skills. Even if employer spends a month training the younger worker, the company is still far ahead. The young understand new technologies better than the old do, and are like a clean slate: They will rapidly learn the latest coding methods and techniques, and they don’t carry any “technology baggage.” The older worker likely has a family and needs to leave the office by 6 p.m. The young can easily pull all-nighters.

But then it doesn’t mean that older employees worth nothing. The tech industry often forgets that with age comes wisdom. Older workers are usually better at following direction, mentoring, and leading. They tend to be more pragmatic and loyal, and to know the importance of being team players. And ego and arrogance usually fade with age. Wadhwa justifies it by saying that he hired several programmers who were over 50 and they were the steadiest performers and stayed with him through the most difficult times.

Read Also: Happy Birthday Mosaic: World's First Popular Graphical Web Browser Turns 20 and HTC One Gets Into Trouble With Nokia's Lawsuit