The essay is well written and has historic base. Nevertheless I did not like the pessimist conclusion. 1) I believe that a economy with an increasing number of

The essay is well written and has historic base. Nevertheless I did not like the pessimist conclusion. 1) I believe that a economy with an increasing number of startups in the long run is going to grow. 2) The people that try but fail, is going to have entrepreneurial experience that is going to be attractive to the successful startups and companies in recuperation.