At the same time, lots of people who do this end up being extremely successful.
The difficulty is knowing which rejection and criticism to ignore. Imagine losing out on a multi-billion dollar business because your initial pitch was dismissed by people saying your business is pointless and redundant because rsync already exists[0].
On the flip side, there's a lot of founders who... have more determination than experience, let's say, and when told their idea won't work, instead of using factual data points (or getting an MVP out to collect data points) operate purely on belief until they run out of money.