The Liches of SV

I wonder what a version of this article that's backed by any data at all would look like. The failure rate of venture funded startups has always been around 3 out of 4 -- or if you include walking dead companies as failures, maybe 9 out of 10. It's hard to even find firm figures for the 50 or so years the SV venture model has been around, but is there some evidence that it has been worse lately?

It has always been the case that quite a large number of the companies that support this whole failure-heavy model looked, to most people, like insane cash burning scams. That's basically why venture exists: to let a small number of people who somehow have a slightly higher hit rate of distinguishing good ideas from insanity, splash around money. It's really just slightly higher, and a lot of money gets wasted, and a lot of people deploy arguments like this article.

Or maybe the argument here is that we've been in a year 2000 style of bubble more recently, but are there any hard stats to actually justify that view?