My two cents is that preferring young employees has a lot to do with the fact that they will work for a lot less money and put up with housing situations that more mature people wouldn't tolerate.
"What we're trying to create here, it's lofty, open, we bring in lunch, we hire younger people. Part of creating the vibe is not just the space but the amenities. Bring in your dog."
http://www.chicagotribune.com/lifestyles/pets/ct-pets-office...
No idea if that counts as ageism. Is it any worse than mentioning "recent graduate" or "0 - 2 years experience" in your job advertisement?
In some other places, e.g. NYC, this is all generally believed to be highly legally-risky and no respectable employer would ever consider doing it.
Shame on you CA.
For each founder, please list: YC username; name; age; year of graduation....
Wow, I wouldn't have expected them to be so blatant. Not illegal, since YC is not hiring people, but, wow.
*source: 13 years of valley employment and performed dozens of interviews