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A year ago, Mike Maples's investment firm, Floodgate, was investing in young companies at a pace of two or three every quarter. Now, he's backed just one start-up all year and puts a big chunk of the blame on spiraling price tags.
Consumer Internet entrepreneurs are like pro basketball players,” a venture capitalist told me recently while discussing the prospects for a thirty-something founder, “They peak at 25, by 30 they’re usually done.