Interesting analysis. I enjoyed reading it. Seemed pretty much in line with what I would expect.

I am curious where you came up with the 30,000 guess for bootstrapped startups in the following statement:

“X (My guess is 30000 startups) start bootstrapping —-> 2868 list on IH —-> 915 making 10k$ MRR

That puts the actual percentage to be : 3.5% chance of success.”