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> I fully expect the founders of those businesses originally have dreams of their business becoming the next F500. But when validation fails...

I take it you've not met many such people or business owners. No one except the utterly delusional would think a mom & pop restaurants, dry cleaners, new law practices, etc. would become a F500 company. Amazingly people start companies for reasons other than becoming a F500 company one day.

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> No one except the utterly delusional would think a mom & pop restaurants, dry cleaners, new law practices, etc. would become a F500 company.

Do they fail at achieving F500 status at a higher or lower rate than "startups"? Who then is delusional - those who have realizable visions, or the strivers who dream of unicorn-status and still fail.

> No one except the utterly delusional would think a mom & pop restaurants ... would become a F500 company.

The F500 has quite a few restaurants on the list. Other than maybe Starbucks, it seems all of them have humble "mom & pop" beginnings.

Who opens a business thinking "I hope customer response is so poor that I will struggle and never be able to grow"? That is often the outcome – but when is that the dream?

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