But we already know that we all can't be winners, and most ideas will be losers anyway. In our subgroup of grinders, I don't know that there is a significant statistical difference in the outcome vs the normal population of startups. But heuristically, we know that people willing to put themselves through more pain are objectively tougher, and harder to kill. Traits that probably are pretty good to have for a startup entrepreneur.
Thus, I don't think its such a bad thing for entrepreneurs to do, even if its for the wrong reason. We don't need to protect anyone from themselves, startups are such an extreme experience that they'll quickly know whether or not they're happy with their decision.
What I think is a problem is the way that it is memetically emerging into a life narrative. To take an example that is probably not controversial - many people are going to college who really should not be. It isn't advancing their interests and often isn't even intangibly edifying for them. Why are they going to college? Because there's a cultural messaging telling them to go to college. Their ability to self-determine is being undermined by a larger sense of what they are supposed to do.
So if there's a narrative that you should eat ramen, work 100 hour weeks, so on, to try to catch the Zuckerberg lottery - well, who wins in that game? A few of the people playing, and also the VCs.
EDIT: I submitted it to the front page as well, for good measure: https://news.ycombinator.com/item?id=8510967