Related to that, any company knows what they're doing easily knows that a competent senior developer (key word being competent) is easily worth multiple X of a junior developer with 0 experience, especially when it comes to setting up your initial project and architecture.
Imagine if you were building a house and said "We can't afford to hire an architect so we'll just hire a bunch of kids right out of college because they're cheaper".
Imagine if you were building a house and said "We can't afford to hire an architect so we'll just hire a bunch of kids right out of college because they're cheaper".