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There have been well more than 205 failed startups in the last 10 years and so many more since G started. Google kill count is high but startup failure is much
by edoceo 6y ago
There have been well more than 205 failed startups in the last 10 years and so many more since G started. Google kill count is high but startup failure is much much higher
- AlphaSite 6y agoI, not sure if absolute numbers are worth looking at. What are the %s.
- jiofih 6y agoI thought that would be understood implicitly - how many google products do you know, maybe 10 to 20? That’s a < 10% success rate, pretty comparable to startups in general.
- mrkstu 6y agoThe difference is that originally there was a higher likelihood of trying out a Google product than a random startup's. Now that equation is flipped- I'd rather try a random startup's product than a Google one- at least the startup is going to live and die on making that product a success. Google? It has to be a massive world spanning success or its a guaranteed goner.
- crazygringo 6y ago> at least the startup is going to live and die on making that product a success. I'm going to respectfully disagree. Whether a product is being funded by Google or a VC, I'd argue they have a similar desire to make money, or else cut funding. If a product looks like a failure, the startup isn't going to keep it going or try harder -- the VC's will want to cut their losses. I honestly don't think there's much of a difference at all. It's the same types of executive tech people making the decisions at the end of the day no matter if it's at a VC or a Megacorp.
- fragmede 6y agoA VC-funded startup needs to be a runaway success. A million dollar idea isn't even going to get funding in the valley.
- notional 6y agoStartups don't usually have the backing of unlimited funds and warm bodies so it isn't really a fair comparison to make.