second policy lesson is that tax breaks for venture investors should be coupled with incentives for the employees of startups. Working for a startup can be brutal: one study finds that almost three-quarters of venture-backed entrepreneurs receive no money at all when they wind up their companies.[58] The gifted people who pour their energy into these ventures have other options: they could take salaried positions at big companies. To lure talent away from comfortable safety, the prize has to be large, and societies should want it to be large, because of
