[Jagat]

Depends on whom it's good for.

For the 80%(?) of the young entrepreneurs who fail, not so much.

For the city/country that produces a massive company founded by young risk taking individuals - a lot. (Apple, Google, Microsoft, Facebook, Twitter, Airbnb etc)

Thinking of it as the explore-exploit method. Most of the explorers fail. Some of them turn in huge successes.

From a collectivist perspective, the net gain from these successes may dwarf whatever the over-exploitation that non-young non-risk taking individuals would generate.

[treyfitty]

Very well said. Though It’s disheartening to read and a tough pill to swallow.