No way it's that low. <10% of startups succeed in a nurturing environment with cheap money. The current env is decidedly average, not cheap. I would suspect <5

No way it's that low. <10% of startups succeed in a nurturing environment with cheap money. The current env is decidedly average, not cheap. I would suspect <5% will survive, and 0.1-0.5% will give a "good" return if they sell or go public.