Jimmy Wales - extremely successful options and futures trader
Steve Jobs - I forget what company he was involved with before NeXT, but I think it was pretty big
Jeff Bezos - one of the top people at D.E. Shaw, right under Shaw himself
John McCarthy - programming languages don't really count as entrepreneurship, but I'm sure you could find many examples of old people creating languages
Marc Benioff - youngest VP in Oracle history
David Winer - I really have no idea what UserLand is
Larry Ellison - ok, fine. I guess if you're trying to make Oracle, it's ok to be old. I don't mean that as a slight to Oracle, but I don't think Oracle's story applies to web startups.
PG - I didn't say anything about old people not being able to become investors