Most startups fail. Declaring any one a waste of effort is statistically justified. IMO very few startups fail entirely. Plenty don't get to the point where th

Most startups fail. Declaring any one a waste of effort is statistically justified. IMO very few startups fail entirely. Plenty don't get to the point where they make a profit, and fewer still make a return for their investors, but there are lots of other things startups do that can be considered successes. For most startups failing is an event that comes at the end of a long journey filled with successes. It would be wrong to only consider the last step.