> How does this work in the world of business where 99% fail I used to know this grumpy old guy who had a simple explanation for that statistic: It doesn't me

> How does this work in the world of business where 99% fail I used to know this grumpy old guy who had a simple explanation for that statistic: It doesn't mean that, if you start a business, you have a 99% chance of failure. It means that, out of everyone who starts a business, 99% of founders are guaranteed to fail, and 1% of founders are guaranteed to succeed. The trick, I think, is to become the kind of person who can succeed at starting a business — and then start a business.