No, I think that's a great assumption. Well, startups vs. general businesses - I think specific things like restaurants might fail at a pretty high rate too. I

No, I think that's a great assumption. Well, startups vs. general businesses - I think specific things like restaurants might fail at a pretty high rate too. I think the rest of my comment stands though. And especially, if you're singling out specifically VC-backed startups, I'm guessing their 1-year failure rate is practically zero, since they usually raise enough money to survive at least 18 months. That's why the details of what exactly we're talking about matter a lot here. I think, for all VC-backed startups, there are statistics that show a more-or-less 90% rate of startups "failing" in the sense that VC's care about. But it's really more-or-less- I'm assuming it's a made up statistic that is in the area of the truth.