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SBA statistics and so on are meaningless, because startups are such a small proportion of small businesses generally. I have no idea where the rule of thumb th
by pg 16y ago
SBA statistics and so on are meaningless, because startups are such a small proportion of small businesses generally.
I have no idea where the rule of thumb that 9 out of 10 startups fail comes from, but it doesn't sound too far off. IIRC about a third of companies that raise series A from VC funds fail, and most startups that fail do it before getting VC funding, not after.
- Vivtek 16y agoYeah, it seems that a lot of these statistics refer to establishments - to me, an establishment is a startup that has gotten far enough to incorporate, get funding, and so on, and I don't think that equates to startups in general.