> It's easier now to start and grow a company than it has ever been. Arguing that, due to being easier now to start and grow a company, more wealth gets create

> It's easier now to start and grow a company than it has ever been. Arguing that, due to being easier now to start and grow a company, more wealth gets created, is "conveniently" seeing only one [the positive] side of the coin. Because, considering the alarmingly low ratio of success in the startup world, growth in the overall number of startups also means growth of startup failures (which often means destruction of wealth, however small, instead of its creation). But, for obvious reasons, VCs don't like to talk much - at least, publicly - about it ... And this essay is just one more example of that trend.