This is one of the best arguments for Universal Basic Income there is.
If your basic needs are met, you don't need to worry that your startup failing will land you hungry in the streets. Startup life is living mostly at work and without frills anyway, but for people with money (or if it existed, UBI), if it fails, they at least will have the basics of housing, food, and healthcare and can continue on with life.
Having UBI for everyone would unleash the talents of the entire range of the populous, not only the prosperous few. Conceivably, the expansion (Cambrian explosion) of new advances could pay for itself in economic growth for society.
If your basic needs are met, you don't need to worry that your startup failing will land you hungry in the streets. Startup life is living mostly at work and without frills anyway, but for people with money (or if it existed, UBI), if it fails, they at least will have the basics of housing, food, and healthcare and can continue on with life.
Having UBI for everyone would unleash the talents of the entire range of the populous, not only the prosperous few. Conceivably, the expansion (Cambrian explosion) of new advances could pay for itself in economic growth for society.