Marc Andreessen

The real reason investors are backing adolescent CEOs

When you think of Silicon Valley, you’re probably more likely to think of young entrepreneurs risking it all on ideas that can change the world.

That image of a Silicon Valley driven by young, ambitious individuals is, of course, only partly true. There’s plenty of gray hair in Silicon Valley, particularly on Sand Hill Road and in the hallways of some of the Valley’s most profitable companies, like Oracle, Cisco and HP.