"Entrepreneurism" is the only way to make money in many industries. Things exist outside of the internet. For instance, restaurants, which are one of the nation's largest employers, which everyone spends money on, but where workers are often paid very poorly.
For example, I can take the $200k in the article, build a small restaurant, and expect it to do $500k-$1m in revenue per year over the next decade. Given good management and a reasonable lease, it'll net 10-20% per year, plus pay my salary and those of a few other people.
Hair dressers, landscapers, any construction really, and lots of other industries benefit from entrepreneurs. Yeah, moonshot tech companies usually fail, but that doesn't mean "entrepreneurism" is overrated.
For example, I can take the $200k in the article, build a small restaurant, and expect it to do $500k-$1m in revenue per year over the next decade. Given good management and a reasonable lease, it'll net 10-20% per year, plus pay my salary and those of a few other people.
Hair dressers, landscapers, any construction really, and lots of other industries benefit from entrepreneurs. Yeah, moonshot tech companies usually fail, but that doesn't mean "entrepreneurism" is overrated.