My view, from the U.S., is that most founders want to make it on their own and keep the returns close to the vest (aka "low taxes). The risks are too high to f

My view, from the U.S., is that most founders want to make it on their own and keep the returns close to the vest (aka "low taxes). The risks are too high to found a company for little payoff.... and most founders that exit already pay a significant tax on exits (even when they are structured to reduce tax). Entrepreneurship is too hard of a game to put up with the mental and work grinding for a decade for small returns. Everyone focuses on the "money" a founder may make (with heavy survivorship bias) - but don't focus on the high probability of losing years, or a decade, of lost revenue and social life if a company fails. HN is filled with want-trapreneurs who are mis-guided about the game they're entering.