I don't see the rational basis. You keep repeating it exists but at no point have you explained how it follows that a failure rate of startups in any way whats

I don't see the rational basis. You keep repeating it exists but at no point have you explained how it follows that a failure rate of startups in any way whatsoever to any degree at all leads to them not creating any value. You have simply assumed this link - that's nonsensical In fact, simple economics teaches us that a high failure rate is a good thing. Low failure rate would be consistent with very low risk projects that tend to be about some form of rent seeking or regulatory arbitrage. High failure rate means people are actually working on things that are hard to do. That's very valuable