Not all technology is created equal. The ability to communicate, coordinate, and compute has reduced the optimum size of the firm in many industries. What is more important, it has reduced the minimum size of a successful firm. Steam power and heavy industry, by contrast, had the opposite effect.
Ultimately, you both can be right. It's about where you stand relative to everyone else. If the younger folks are enabling themselves via tech faster than the older, it should be possible to position yourself better.
I think it's more a testament to the improvements we've made in technology how easy it is for kids to become BIG deals quickly with good ideas.
