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While 1 in 10 might be correct across all startups, I'm pretty sure that of the companies aspiring to be the next Google or Facebook the failure rate is far hig
by cstejerean 19y ago
While 1 in 10 might be correct across all startups, I'm pretty sure that of the companies aspiring to be the next Google or Facebook the failure rate is far higher than 1 in 10. Otherwise all it would take is about 10 tries and statistically you would have a pretty good chance of being a multi billionaire.
- pg 19y agoWhen Google and Facebook got started, they weren't trying to be the next Google or Facebook.
- cstejerean 19y agoCan you make a really big poster with that phrase for next year's startup school?
- bigbang 19y agowell we dont know that. Google and FB fended off acquistion offers earlier, so they believed they have big potential in store.
- fendale 19y agoYea that would be correct I reckon - the more adventurous you try to be, the bigger the reward, but also the less chance of getting any reward.