This is eerily close to my own hit rate of about 5%
If we'd actually be able see the graveyard of 95% of founders, the argument to go all in for 10 years on one startup increasingly makes less sense
The odds that you win are miniscule but you do end up wasting the best years of your 20s/30s for low pay
So the top VC hit rate is same as indie founders, but as an indie you can just try make another project and another until one hits!
In that way indie founders are kinda like VCs: they get the benefit of placing 100s of bets too but while also being founders and maintaining 100% ownership!
History will remember the time when liberal arts podcasters told everyone that the $900 billion chain that does 11 TPS had won
The ability to think from first principles and seek truth in the markets is one of the most important skills for any long term minded investor
There's so much blood in the streets.
Meanwhile......
There's a community of goochies building, that are constantly vibing, and having fun with not a care in the world, filling their bags. @GoochCoinSol