Startup success and lottery wins are very different things. You don't get better at lottery as you buy more tickets over the years; but you get better at your t

Startup success and lottery wins are very different things. You don't get better at lottery as you buy more tickets over the years; but you get better at your trade as you do it more and more, even if you fail at each previous attempt to start a company. If you see it as a lottery, then it doesn't make sense for people to try starting their own companies after several failed trials when they reach some middle age, as they really don't have much time left. But, it is just the opposite, because they are actually much better at seeing pitfalls and bs, and are a lot more likely to be successful. So, the statistics do matter, you just need to know the kind of statistics that apply. As a rule of thumb, in real life, it is usually not the lottery kind.