I edited to address this a little more specifically and you likely missed it. It's still unverified that even high-growth tech startups fail 80% in the first y

I edited to address this a little more specifically and you likely missed it. It's still unverified that even high-growth tech startups fail 80% in the first year. How many "Facebooks for {foo} and Uber for {bar}" actually fail in the first year? If you define a high-growth tech startup from the time it takes investment or the time it incorporates, I bet you still don't hit 80% failure rate in the first year. (If you count abandoned ideas that were never meaningfully pursued, then sure, but in that case I've got a dozen failed startups under my belt and a similar number of failed restaurants.)