[pathy]

If the OP I replied to don't scream of jealousy I don't know what does.

That said, you are very right: Most startups fail, or barely break even. But without the inspirational properties of the likes of Instagram, would SV be the same? Would so many flock to Silicon Valley to try their luck? Probably not.

There are many many hard working entrepreneurs who never make it, that is fact. I do not, at least not yet, count myself among the hard working entrepreneurs. I am under no illusion that I will succeed in my future ventures nor that I am special and will automatically succeed where others have failed.

Of course there is always hindsight bias and the iOS market is more unreliable than the bitcoin price. My comment regarding building Instagram is meant as: If I had the right circumstances to take advantage of my 'unfair' advantage as a white, privileged male I would. The Instagram founders did and got lucky.

Lastly, I hope that your own startup venture is successful in the future. You seem to have done more good for the world, via volunteer work, than I ever have. I hope that you are not too disillusioned by the future to stop being an entrepreneur. Sometimes we just get that bit of extra luck that we need and hopefully that will turn out true for you as well as for me. (My apologies for kinda stalking you, I could not resist checking out your profile)