[vemy]

> And unlike high incarceration rates and tax loopholes, startups are on the whole good.

That's a highly debatable assertion. I really wish he would explain why he thinks startups are "good".

[UK-AL]

Does this have to be explained?

Startups provide service/product that people are willing to pay for.

You must be providing some value to those people for people use or pay for your product. Maybe because it's convenient, quicker or better.

And startups add that value for millions of users.

[nedwin]

Why do you think that they are, "on the whole", bad?