I have a hard time taking advice from young people too. Well ... until Brian Wong, schooled me during a tech conference we were both panelists for.
A lot of super smart valley entrepreneurs "bypass" what it takes to be a well rounded business person ... I guess. But I doubt that has anything to do with age, and more to do with the current frothy acquisition and funding environment.
It's funny you mention Brian Wong, his company is a competitor of the company i work for. He's a smart guy, from what i can tell, but he would actually be one of the examples i'd use to cite lack of experience.
In software development, lack of experience can be a really big issue. For example, with lack of experience you may choose core piece of technology based on hype. coughmongodb and kiipcough
But, I digress, thanks for the article. Learned a bit about the Canadian start up eco-system.
If you're building disposable demos, you probably have more problems than building software.