Silver's the new gold as startups rejig CXO portfolio

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The tide may finally be turning in the youth-obsessed Startup Inc. As their focus shifts from ‘growth at all cost’ to building a sustainable and profitable business, startups – long associated with young founders and younger workforces – are increasingly hiring older, more experienced hands for their top decks.

Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination.

Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.

Startups are looking for a level of emotional maturity which comes with age and experience, said Anshuman Das, CEO of executive search firm Longhouse Consulting.

Except for tech and product roles, “very few startups are now insisting on young CXOs at the time of hiring”, said Das. “That wasn’t the case earlier.”

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