Comment by maxlamb

I think this essay was valid for the year it was written (2007) where much fewer people were doing startups, lots of good ideas had not been executed yet, mobile was about to take off. Just like the belief in 2007 that "real estate prices can never go down" lead to the real estate bubble/crash that eventually invalidated that statement, if everyone starts beleiving if they start a company and never give up they will become rich even if their idea is bad, will end up invalidating that very belief.