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I agree with you that it's a safer path. It would be surprising if a path with lower returns didn't also have lower risk. All I'm saying is that for some people, the less safe path is optimal. And indeed, for some people the even safer path of working for someone else is.
Plus there are some cases where the business chooses the path for you. If you want to build nuclear reactors, or supersonic airliners, you're going to have to raise money from investors.https://boomsupersonic.com/
Surprised you don’t know your failure rate.
You make what you measure, and that's not the number that matters. http://paulgraham.com/swan.html
It’s insanity to bootstrap a business like that. Consumer social, deep R&D, all needs venture.
When consumer social was invented, a lot of people felt it wasn't a VC-fundable business; engagement was not considered easy to monetize in the days of the banner ad.
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