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by chii 2656 days ago
> It's a cycle that feeds upon itself and has been a successful model

you just don't hear about the failures out there. I bet there's much more failures than there are successes.

If it weren't, banks would've all lent out money to startups!

1 comments

> you just don't hear about the failures out there. I bet there's much more failures than there are successes.

Sure there are, but a few successes can make up for a lot of failures. Ycombinator, for instance, has been doing its thing for quite a while now and appears to be doing quite well.[1]

[1]Not personally having looked into their financials