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Perhaps the real problem is your counter-reaction: "almost everyone knows and admits that 9/10 fail." A lot of people think that, but it's not 9 out of 10 star
by bravura 14y ago
Perhaps the real problem is your counter-reaction: "almost everyone knows and admits that 9/10 fail."
A lot of people think that, but it's not 9 out of 10 startups that fail.
It's FAAR worse odds than that.
- Dylan16807 14y agoOh? How far worse.
- bravura 14y agoI seem to have the number 1% as the success rate in my head. Doing some Googling gives a number like 10% success, but it's not clear whether these figures are only for companies that received VC-funding. So actually, I'm not sure. Point taken.
- eru 14y agoIt's probably easier to make lifestyle businesses pay off. And how is success / failure defined? I can imagine failure might mean that the VCs didn't make money? Then it could still have been worthwhile for the founders.