From :
https://en.wikipedia.org/wiki/Unicorn_(finance)#History
So not only is there no data to back up the authors claim but it is wrong and could be checked by looking at wikipedia.
You don't have to be right, you can make claims, but when you make grand claims you should at least check wikipedia.
Counting unicorns only serves to bolster that point : those are large VC fueled ships which operate on a completely different level. Because it is clear at founding time which type of company they are , it’s reasonable to include that as a qualifier.
Now if the data showed more small-growth companies were started , that’d be a stronger counter argument.
The counter argument is that high salaries enable more people to save and take risk rather than just those that start out wealthy.
The main counter is that people get comfortable and don’t take risks is definitely true, but I’m not sure how much that impacts the amount of entrepreneurship that would have otherwise happened.
In fact since the number of billion dollar valuations goes up by an order of magnitude every few years we are on track for every person on earth to start a billion dollar corporation in a few short decades. This is proof that you could see on Wikipedia that entrepreneurship is doing great
https://news.crunchbase.com/startups/google-stanford-and-the...