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According to BusinessWeek, new restaurants are not quite as risky as people perceive. Only 60% of new restaurants fail or are sold in three years[1], which is a
by neilk 15y ago
According to BusinessWeek, new restaurants are not quite as risky as people perceive. Only 60% of new restaurants fail or are sold in three years[1], which is a bit higher but similar rate to any new business.[2]
I can't find any good numbers on tech startups with some Googling other than the oft-quoted 90%. This is hard to compare, because you might earn some sort of salary while the startup is in operation, but it closes down because it fails to meet growth targets.
But on balance it seems to me the startup is still riskier.
[1] http://www.businessweek.com/smallbiz/content/apr2007/sb20070416_296932.htm http://www.businessweek.com/smallbiz/content/apr2007/sb20070...
[2] http://www.newventurelab.com/resources/blog.php?id=261 http://www.newventurelab.com/resources/blog.php?id=261