> “can be risky (see OP)” is vastly downplaying 1 in 10 odds of nominal success. Simply not failing doesn’t mean the bet paid off.
We know this, yadda yadda "survivorship bias." It's just boring to have the same people making the same points about every startup that made it. It's like the old "correlation does not equal causation" trope you see repeated over and over again when someone links any dataset. We get it.
Again, my point is that this is not insightful -- and you've yet to demonstrate otherwise.
