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Startup investing on the rebound - kind of, with a caveat

r/codingbootcamp

u/frenchydev1 wrote (the comment Michael replied to):

Most of my friends that are doing startups are doing pretty well, different crowd :) I hope they are doing better afterwards

u/michaelnovati replied ·
Startup founders always say they are doing well. It's relative. My friend started Tome for example. Tome isn't doing well despite being hot. Vanta, not doing well. By definition 90% of seed companies fail, so if most of your friends are doing well, they are lying or it's an anomaly and you should go on Lenny's Podcast and talk about how you found such a unique network of startups that are all doing well.