My take on what is negative about the HN subculture - Basically, startups probably don't work out. But if you bet on a lot of them, and do it well, you will ma

My take on what is negative about the HN subculture - Basically, startups probably don't work out. But if you bet on a lot of them, and do it well, you will make money from the few that do. To found a startup is to make a bet that isn't favorable to you. You would do better to shoot for a lifestyle business. You are spending 1-5 years on a lottery ticket, when you could be buying an annuity with it instead. The VC/incubator crowd, inciting young people who don't know how much 5 years out of your 20s is worth, to spend it making a bad bet that the VC ultimately wins. (Your 20s set the tone for your future career, your first paycheck sets the subsequent ones, and they are the best time to find a good life partner.) Once a startup gets funding, and pays the founders 100k a year, they are on the good side of the bet. There is an invisible mass of unfunded quit and bootstrap attempts out there, or people at minor incubators eating noodles and living for 3 years in a shared one room flat. Those are the guys that lost the bet. Anyway, that's just my view as an outside observer. Maybe it is wildly wrong.