While age is positively related to entrepreneurial success, the prevailing stereotype favors younger entrepreneurs. To better understand how these contradictory perspectives influence funding decisions, we examine the role of age in a sample of 41,602 reward-based crowdfunding campaigns from Indiegogo. We find a negative correlation between an entrepreneur's apparent age and funding performance, indicating a preference for younger entrepreneurs. However, we also find age-based homophily where older entrepreneurs' campaigns attract older backers. Our study distinguishes between statistical and status-based discrimination to understand the multi-faceted nature of age in reward-based crowdfunding and demonstrate how investment motives mitigate and reinforce age-based discrimination.

中文翻译：

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旧而金？检查年龄偏见对基于奖励的众筹的影响

虽然年龄与创业成功呈正相关，但普遍的刻板印象有利于年轻企业家。为了更好地理解这些相互矛盾的观点如何影响融资决策，我们在 Indiegogo 的 41,602 个基于奖励的众筹活动样本中研究了年龄的作用。我们发现企业家的表观年龄与融资绩效之间存在负相关关系，表明对年轻企业家的偏好。然而，我们也发现基于年龄的同质性，即年长企业家的竞选活动吸引了年长的支持者。我们的研究区分了统计歧视和基于地位的歧视，以了解基于奖励的众筹中年龄的多方面性质，并展示投资动机如何减轻和加强基于年龄的歧视。