"At Founder Collective, we’ve invested in 270 companies, and only one has gone public so far. Of the rest, 30 have gone out of business, 60 have been acquired,

"At Founder Collective, we’ve invested in 270 companies, and only one has gone public so far. Of the rest, 30 have gone out of business, 60 have been acquired, with the remainder are still in operation. The reality is that when starting a company, the most likely outcomes are bankruptcy or acquisition." 90/270 is not a majority. Sure, I get it that the fate of some of the remaining has yet to be determined but it doesn't seem like the "most likely" outcomes are bankruptcy or acquisition. If anything, sounds more like 50% chance you remain in business (after you account for the fate of the remaining companies).