The claim that "risk tolerance is higher" is almost insulting to, well, just about every other class of entrepreneur in the country. The modern startup ecosyst

The claim that "risk tolerance is higher" is almost insulting to, well, just about every other class of entrepreneur in the country. The modern startup ecosystem involves people with six-figure jobs starting companies with money that isn't theirs, and should they fail they fail back into even higher-paying six-figure jobs. As opposed to the rest of small business America where people routinely take out large personal loans to finance their ventures and put their homes on the line to do it without the comfort of a Plan B should things go south. Which isn't to belittle tech founders, but let's have some perspective here and not get lost in the smell of our own flowery prose. The abundance of funding has certainly made founding a business easier - it has also made it tremendously less personally risky. Saying that the Valley somehow has more stomach for risk sounds nice, but is it actually true? If anything Silicon Valley has devised a highly efficient system by which ideas can be tried at extremely low personal risk, and that in fact aversion to personal risk is what has made it so successful...