We do indeed encourage the formation of new ventures, but we do not encourage it unconditionally or randomly. We ask for a model. We ask what makes the would-be

We do indeed encourage the formation of new ventures, but we do not encourage it unconditionally or randomly. We ask for a model. We ask what makes the would-be entrepreneur think it will work. And those entrepreneurs who can't answer, or whose answers aren't compelling, we ask to go convince somebody else. Why do we do this? Because once again, the fact remains that most ideas are bad. Too much risk-aversion does indeed lead to stagnation, but too little risk-aversion is even more destructive. A balance must be struck, and the proper balance still leans heavily -not completely, but noticeably- toward caution. Roosevelt said to be brave. He did not say YOLO.