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Commercials portray Chief Executive Officers as twenty-something hipsters with rose-colored glasses, instead of the sixty-somethings in charcoal suits and gray hair. Take for instance Silicon Valley and its management staffs, quite a few companies were soaked with young people who swore to the company that they had a finger on the pulse of technology. These young people also were quite positive that they could make their company millions. Did it happen? In some cases yes, but in most no.
A lot of companies fail because they do not have long-term business plans, and that comes with experience. Experienced management is also seen as a lure for venture capitalist looking to invest in a company...
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