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Moneyball, valley-style: Investor uses age bias to advantage, funds older entrepreneurs
When he started looking around for start-ups in which to invest, Dan Scheinman noticed something: twenty-something entrepreneurs building Internet companies usually had a much easier time lining up early financing from venture capitalists compared to their forty- and fifty- something counterparts.
Age bias, increasingly acknowledged as a widespread phenomenon in Silicon Valley, has created opportunity too.
"I was so excited you would not believe when I saw the pattern," Scheinman, the former head of mergers and acquisitions at Cisco Systems (CSCO), recalls.
By Sarah McBride
Full Story: http://www.mercurynews.com/business/ci_22146569/moneyball-valley-style-investor-uses-age-bias-advantage
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