> People will point out one among twenty thousand without realizing that the exception proves the rule.
This argument doesn't hold well. Creating huge amounts of value is expected to be the exception rather than the rule - one of the powerful mechanisms at play here is this is an unusually free market where failure is cheap and all the money clusters to success.
It is reasonable to ignore the thousands of failures. They failed because they were easy to ignore.
>> this is an unusually free market where failure is cheap [public quick]
The speed and amount of effort to innovate, by basically every demographic of persons, is breathtaking and exciting. Due to low startup costs (lack of gatekeepers), most will fail. That is okay, because the builders are not playing with super powder.
This argument doesn't hold well. Creating huge amounts of value is expected to be the exception rather than the rule - one of the powerful mechanisms at play here is this is an unusually free market where failure is cheap and all the money clusters to success.
It is reasonable to ignore the thousands of failures. They failed because they were easy to ignore.