The author says "The likelihood of success is very low." I hate it when I see such discouraging remarks, especially when they're not meant to be discouraging.

The author says "The likelihood of success is very low." I hate it when I see such discouraging remarks, especially when they're not meant to be discouraging. The percentage of startups that succeed enough to compensate the founders for their time is low, and the percentage of startups that truly succeed is very low, but that's largely because most founders make a number of bad mistakes. The existence of successful serial entrepreneurs (e.g. Elon Musk or Lachy Groom, that teenager recently talked about on HN) shows that a particular startup can have a high likelihood of success if the founders do a good job. I don't really think people should found a startup if they believe the odds of their particular startup with them as its founders will have a very low likelihood of success.