[SeanLuke]

> Instead of looking at "% of successful exits that had n founders", it seems more relevant to look at "% of startups with n founders that had a successful exit".

I came here to say exactly this. The entire article appears to misunderstand conditional probability.

[WalterSear]

That number is probably impossible to come by, though.

Though I agree, they should have at least addressed the fact, and admitted that their data was suggestive at best.