That would actually imply the point of this article, in my opinion. More startups will inevitably mean more failures due to more risks, which would drag the sto

That would actually imply the point of this article, in my opinion. More startups will inevitably mean more failures due to more risks, which would drag the stock market. But that doesn't matter. You shouldn't gauge the inventiveness and exploratory nature of a country by looking at its stock index. Especially since stock indices are irrational and get inflated for many misleading reasons.