We expect planes doing risky tests to crash. A startup is a risky early stage test, similar to what a plane does in a wind tunnel as a model, or as a cfd simulation, not scheduled passenger service.
The cause of startup failure is not financiers being in charge.
Startup failure is not a plane crash, but more akin to a to-around on landing, or a cancelled flight. No one dies. Resources are redistributed to more productive activities to try again (the most valuable being engineering opportunity cost).
We expect planes doing risky tests to crash. A startup is a risky early stage test, similar to what a plane does in a wind tunnel as a model, or as a cfd simulation, not scheduled passenger service.
The cause of startup failure is not financiers being in charge.
Startup failure is not a plane crash, but more akin to a to-around on landing, or a cancelled flight. No one dies. Resources are redistributed to more productive activities to try again (the most valuable being engineering opportunity cost).