Most 20 somethings are usually used by venture capital firms to prove an idea and then replaced with more experienced and trusted executives.
There are a few rare exceptions, like Facebook.
There are a few rare exceptions, like Facebook.
Genuinely interested to see if this is a real phenomenon or just anecdotally what you have witnessed.
There's a lot of research on this (and dating back quite a while.. not new at all). So here are just some quick links I found:
https://www.kauffman.org/-/media/kauffman_org/research-repor...
https://academic.oup.com/rfs/article-abstract/31/4/1532/4604...
https://hbswk.hbs.edu/item/the-founding-ceos-dilemma-stay-or...
https://www.businessinsider.com/how-often-do-founding-ceos-g...
Also this is a nice article about this from the Founders Dilemma (which is a good book also): https://hbr.org/2008/02/the-founders-dilemma