[raganwald]

This story is a classic case of survivor bias. Magazines only interview the people who bailed out of companies that went on to succeed. Between 1976 and now, how many people have bailed out of startups that went on to flame out? How many of them are perfectly happy and possibly wealthy?

[_pius]

This story is a classic case of survivor bias.

Not really. Merely telling the story of a survivor isn't survivorship bias; the bias would be extrapolating from this story to believe that his situation is common.

[raganwald]

Or extrapolating from his story to infer that failing to take risks in an early-stage venture is a mistake.