Depends on whom it's good for. For the 80%(?) of the young entrepreneurs who fail, not so much. For the city/country that produces a massive company founded b

Depends on whom it's good for. For the 80%(?) of the young entrepreneurs who fail, not so much. For the city/country that produces a massive company founded by young risk taking individuals - a lot. (Apple, Google, Microsoft, Facebook, Twitter, Airbnb etc) Thinking of it as the explore-exploit method. Most of the explorers fail. Some of them turn in huge successes. From a collectivist perspective, the net gain from these successes may dwarf whatever the over-exploitation that non-young non-risk taking individuals would generate.