Two caveats: 1. That study only applies to venture-funded startups, so startups funded by other sources are not included. 2. There is a small difference betwee

Two caveats: 1. That study only applies to venture-funded startups, so startups funded by other sources are not included. 2. There is a small difference between success rates of 1st time entrepreneurs (18%) compared with entrepreneurs who previously failed (20%), so previous failures may give a small boost in future success rates.