The consumer web is often a culture of 'pop hits' and lots of media; hence the justin bieber-esque love affair the Valley has for said entrepreneurs. So, yes -- I do believe that people in their 20-30's are better at identifying these fads moreso than 40-50. But they're just fads, and fads usually die fast like the startups born from them. Certainly not all, but most.
That said, I also believe the consumer web is in for some pain (the notorious A crunch). I get the impression a lot of unqualified 'super angels' felt it was more important that entrepreneurs become professional money raisers and media darlings, rather than help them focus on their core business.
When it comes down to it, if you're a seasoned entrepreneur with repeat successes – you'll be unstoppable for the rest of your life. The Biebers of startups are edge cases that simply get a lot of attention because it compliments media's goal for driving pageviews.
That said, I also believe the consumer web is in for some pain (the notorious A crunch). I get the impression a lot of unqualified 'super angels' felt it was more important that entrepreneurs become professional money raisers and media darlings, rather than help them focus on their core business.
When it comes down to it, if you're a seasoned entrepreneur with repeat successes – you'll be unstoppable for the rest of your life. The Biebers of startups are edge cases that simply get a lot of attention because it compliments media's goal for driving pageviews.