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I had never heard the 8/10 statistic and always thought it was about half of normal businesses fail within 5 years, and 90% of startups fail within 3 years. Lo
by mdorazio 11y ago
I had never heard the 8/10 statistic and always thought it was about half of normal businesses fail within 5 years, and 90% of startups fail within 3 years. Looks like fleximize supports the 1/2 statistic, and I found the data for the 90% one [1]. I think it's important to note that not many people talk about how many companies continue to operate in zombie mode, or how many are just small side businesses that don't really generate much revenue, but continue to exist for tax purposes (ex. my friends and I pretty much all have a business we use for occasional contract work).
[1] https://s3.amazonaws.com/startupcompass-public/StartupGenomeReport2_Why_Startups_Fail_v2.pdf https://s3.amazonaws.com/startupcompass-public/StartupGenome...