> The important thing is to keep growing and not die.
This statement only applies to the founders, employees, and customers of the company. My point is that it doesn't apply to the investors: from an investor perspective, it doesn't matter if almost every company dies as long as the Droboxes and Airbnbs survive and grow. Almost all the returns come from a tiny number of outrageous successes, to the point where even a big hit like Weebly is a drop in the bucket.
This statement only applies to the founders, employees, and customers of the company. My point is that it doesn't apply to the investors: from an investor perspective, it doesn't matter if almost every company dies as long as the Droboxes and Airbnbs survive and grow. Almost all the returns come from a tiny number of outrageous successes, to the point where even a big hit like Weebly is a drop in the bucket.