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90% of startups fail : https://review42.com/resources/what-percentage-of-startups-fail/ https://review42.com/resources/what-percentage-of-startups-f... Ther

90% of startups fail : https://review42.com/resources/what-percentage-of-startups-fail/ https://review42.com/resources/what-percentage-of-startups-f... There is no surprise a startup is failing, most of them propose products nobody needs and are a big waste or time, energy and money. But hey, creating a startup and trying to make it an unicorn is still trending. Still tons of people with too much money have a hobby investing in bullshit tech things, so there is hope for each founder to find a lot of founding money if they are good at selling their product idea, no matter how bad or good it actually is. And then, when the initial cash flow runs dry, the startup fails, time to create another one !

michihuber 5y ago
so what? that’s the cost of making the other 10% happen. and that’s how society becomes prosperous.
- eole666 5y ago
  Yes, and the society is doing great and is very prosperous those days, thanks to all those succeeding startups, that's really cool. Just keep creating startups with all this money, and everything will be fine. No problem at all.
  - nwiswell 5y ago
    Do you know which website you are using?
    - hackernewds 5y ago
      Reddit for engineers?
      - nwiswell 5y ago
        Reddit Orange Edition Why orange? Nobody knows
        sulam 5y ago
        Because it's clearly the best color for a bike shed.
        0des 5y ago
        Any comparison to reddit here usually incurs the wrath, just a heads up. It can be funny and it can be true, but you will be asking a friend to spare some internet points by the end of the night unless its just like a magnificent specimen of a punchline and a compliment and some type of couched meta acknowledgement.
jacquesm 5y ago
That stat is well supported, but I wonder what the percentage of failure is within YC, are there any stats on this?
- thinkwithlucie 5y ago
  that's a great question, yes, you can use the startup directory to run the stats on inactive startups. on average, every third startup fails If you consider all batches, the average failure rate is 32%
  - jacquesm 5y ago
    So that makes them much better than the average.
    - thinkwithlucie 5y ago
      yes of course, YC only picks the best of the best, i think the acceptance rate is around 1%
mosdl 5y ago
You can swap startups with restaurants and it still holds true, not sure what the point is.
- eole666 5y ago
  For me, there is quite a difference between investing millions or even billions in some trending startup who mainly know how to sell their crap tech idea, and investing a reasonable amount of money in a restaurant that will actually serve food to people.
  - mosdl 5y ago
    Owners invest more than you think into restaurants to sell their crap food no one needs.
  - ipaddr 5y ago
    Have we collectively reached Office Space ending. Developer leave to take up construction jobs because it feels more real. Investing in a restaurant is really similiar to investing in a restaurant without the unlimited upsize most fail in both cases but only one produces unicorns.
    - 0des 5y ago
      One feeds you and drowns your sorrows for free on the way down, the other does your laundry and walks your dog as long as you keep the shackles on just a little longer.

michihuber 5y ago

so what? that’s the cost of making the other 10% happen. and that’s how society becomes prosperous.

eole666 5y ago
Yes, and the society is doing great and is very prosperous those days, thanks to all those succeeding startups, that's really cool. Just keep creating startups with all this money, and everything will be fine. No problem at all.
- nwiswell 5y ago
  Do you know which website you are using?
  - hackernewds 5y ago
    Reddit for engineers?
    - nwiswell 5y ago
      Reddit Orange Edition Why orange? Nobody knows
      - sulam 5y ago
        Because it's clearly the best color for a bike shed.
      - 0des 5y ago
        Any comparison to reddit here usually incurs the wrath, just a heads up. It can be funny and it can be true, but you will be asking a friend to spare some internet points by the end of the night unless its just like a magnificent specimen of a punchline and a compliment and some type of couched meta acknowledgement.

jacquesm 5y ago

That stat is well supported, but I wonder what the percentage of failure is within YC, are there any stats on this?

thinkwithlucie 5y ago
that's a great question, yes, you can use the startup directory to run the stats on inactive startups. on average, every third startup fails If you consider all batches, the average failure rate is 32%
- jacquesm 5y ago
  So that makes them much better than the average.
  - thinkwithlucie 5y ago
    yes of course, YC only picks the best of the best, i think the acceptance rate is around 1%

mosdl 5y ago

You can swap startups with restaurants and it still holds true, not sure what the point is.

eole666 5y ago
For me, there is quite a difference between investing millions or even billions in some trending startup who mainly know how to sell their crap tech idea, and investing a reasonable amount of money in a restaurant that will actually serve food to people.
- mosdl 5y ago
  Owners invest more than you think into restaurants to sell their crap food no one needs.
- ipaddr 5y ago
  Have we collectively reached Office Space ending. Developer leave to take up construction jobs because it feels more real. Investing in a restaurant is really similiar to investing in a restaurant without the unlimited upsize most fail in both cases but only one produces unicorns.
  - 0des 5y ago
    One feeds you and drowns your sorrows for free on the way down, the other does your laundry and walks your dog as long as you keep the shackles on just a little longer.