The default state of the world is to stay the way it is, which means the default state of a startup is failure.

It’s kind of depressing, but it has always been this way, no? The new kids on the block were never the favorites immediately.

Startups have their advantages over the Big Co., which are low overheads, agility, and the ability to change rapidly. The Big Co. has the momentum, and infrastructure. For a certain number of startups, it is a matter of time before they become Big Co.’s, and for every Big Co. it is a matter of time before it dissolves possibly giving birth to new startups. It’s the circle of life.