Beyond that, I want a narrative for the candidate's career...both where they've been and where they want to go. It helps me figure out if their development goals will be a good fit and what their experience will bring to the team. I've run into a lot of candidates whose careers seem to be guided simply by "I work for the highest bidder" and they don't end up being the best on the team...nor the most enduring.
I can see how this might equate to having the "wrong experience." I hope candidates who wait to apply for that big dream job (or don't get it) at least are taking jobs that prepare them for it. Barring that, I hope they're finding other ways to gain experience. We can't always choose the jobs we want, but I hope everyone is figuring out how to build towards it.