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Forgive the defensive attitude here but 2 in 1000 venture backed startups will ever achieve $100-million or more in valuation. is a pretty poor example of "success".

If my start-up made a difference to peoples lives and generated enough revenue to allow me to focus on it full-time then I would consider my start-up a categorical success. Chances are that would happen at a point where my start-up was valued at a significantly smaller figure than $100-million.



That's exactly his point:

Thousands of entrepreneurs would be a lot happier if their focus was a solid, growable, defensible niche business that might never go public or be worth $100-million.


he says "venture backed". your example would not be measured by this standard.




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