Startups accounted for all job creation in the US over the last 30 years, and there were 44 million created. That’s fantastic. I’ve heard similar stats in the UK too (although haven’t seen them in writing, pointers welcome).
This is one of the reasons I come to work every day. It will be startups, and principally their founders, who drag us out of the economic mire we find ourselves in, and venture capital is an important enabler.