[ucee054]

Assuming lifestyle businesses fail at similar rates as venture-backed companies

Why would you make such an assumption?

You can't argue with math.

I can when you get the math so wrong, like above.

[fearless]

Most businesses fail because they run out of money. Do you think getting an infusion of millions of dollars makes a business more likely to fail?

[khuey]

Lifestyle businesses are usually about a modest initial investment by the founder and then reinvesting modest profits into raising the hot air balloon a bit. VC backed companies usually start out losing tons of money and hope they achieve flight by the time they reach the end of the runway.