Most startups create zero value and go out of business. So: startups are largely a vehicle to take money from hard working people's pensions (the LPs are often

Most startups create zero value and go out of business. So: startups are largely a vehicle to take money from hard working people's pensions (the LPs are often large pension funds) and put it in the pockets of employees who have created zero value. Now that's a cynical take. But no more than the alternative view. A positive take might be: startups are a financial vehicle to take a risk on a new business. The parties enter voluntarily, and different parties take different risks and have the opportunity for different rewards.