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Am I missing something, there appears to be no context to this article? When it says "543 startups shut their doors", that is 543 of which population of startu
by stevenjgarner 3y ago
Am I missing something, there appears to be no context to this article? When it says "543 startups shut their doors", that is 543 of which population of startups? Are they just referring to companies with SEC filings? There have been millions of companies started in the US this year, given "the US Census Bureau shows that 5,044,748 new businesses were started in 2022" [1]
[1] https://www.commerceinstitute.com/new-businesses-started-every-year/ https://www.commerceinstitute.com/new-businesses-started-eve...
- AlecSchueler 3y agoMy question was how much of an aberration this was from a "normal" year?
- dahart 3y agoThe article doesn’t say what normal is, but does say “The third fiscal quarter saw 212 shutdowns, the highest number since the firm began tracking the data. Last year, 467 companies folded.” Largest quarterly number and ‘higher than last year’ of course don’t directly compare to normal. They also aren’t a percentage, so this doesn’t help us understand if the failure rate is higher, or there are just more startups. The firm in question is Carta. Browsing through their set of blog posts and data, the headlines don’t seem to project a dismal picture at all, somewhat the opposite. https://carta.com/blog/category/data-research/ https://carta.com/blog/category/data-research/
- ivanjermakov 3y agoNon-normalized data insights are useless, blatant journalism at its finest.