That's a good point. I wonder if any research has been done quantifying this risk in respect to startups. That said, startup investing is a real outlier in res

That's a good point. I wonder if any research has been done quantifying this risk in respect to startups. That said, startup investing is a real outlier in respect to regular investing. People specializing in it often are motivated by more than generating larger returns, as a return-oriented investor would surely find other fields to be more lucrative from a risk standpoint.