Friday August 29, 2014

Silicon Valley sees rise of adolescent CEOs

Venture capitalists report funding more Silicon Valley CEOs under the age of 21 than ever before.

Reuters reports that investors are backing ever-younger entrepreneurs in Silicon Valley. While little data on the phenomenon current exists, venture capitalists say they are funding more and more chief executives under the age of 21 than ever before. But many venture capitalists say the entrepreneurs they fund at 18 or 19 have typically been preparing for years by learning computer codes, taking on ambitious freelance projects, and educating themselves over the Internet. Web-based companies that target consumers tend to be the perfect spot for the young executives, because such businesses often require little capital.

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