I would like to see a citation for this assertion that, if your company fails, you are at high risk (or higher than normal risk) of homelessness. This doesn't fit with what I know for what puts a person at risk of homelessness.

And there's no gap on your CV. You put down "Worked on launching x startup from X date to Y date. It sold, folded, whatever and I'm looking for a job now."

Thank you in advance if you can come up with a cite.

My understanding is that failing is more of an issue outside the US. In the US, which is where the data is from, I tend to agree with DoreenMichele: Startup failure is fairly easy to recover from. You mostly risk opportunity cost (lost wages, lost promotion periods).

Actually cost of failure is much lower in Europe due to welfare state and generally lower cost of living.

What is career stability now days anyways? Guys working at amazon right now are scared to death everyday they will get fired. I know people who lost jobs at almost every FANG company due to politics.

Not sure the difference anymore of working for the man and losing your job or doing a startup and failing.