PG talks about startups as if they are the best thing that ever happened to this world.<p>The iphone did not come from a startup. Nor did the internet. The world needs startups but if the startup fails like the way most of them do... then it&#x27;s just wasted capital producing a good that has zero utility.<p>Anybody have a good argument for why we need startups for every little stupid business idea? PG almost describes the &quot;entrepreneur&quot; as some sort of genetically superior being.