My problem with his article is that he seems to only define "success" and "recognition" in terms of being within that top 100. There are a lot of startups that

My problem with his article is that he seems to only define "success" and "recognition" in terms of being within that top 100. There are a lot of startups that are profitable and have users loving their products that will never sell to Facebook for $1 billion. Using Salmon's argument, it takes pure luck to get to that Instagram-level of success. I buy that. I don't think it follows that all of those small profitable startups are therefore financial failures, which seems to be the conclusion he's drawn.