Even as a startup founder you are working to enrich other people: venture capitalists. VCs are able to diversify themselves by investing in multiple startups, k

Even as a startup founder you are working to enrich other people: venture capitalists. VCs are able to diversify themselves by investing in multiple startups, knowing that most of them will fail, but that 1 or 2 will make the investments worth it. For the average startup founder the expected utility of founding a startup is negative dollars.