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Average startup success rate is 1/10 at best. The "90% of startups fail" metric that's often cited is likely inflated by B2B companies which find significantly
by dvt 1y ago
Average startup success rate is 1/10 at best. The "90% of startups fail" metric that's often cited is likely inflated by B2B companies which find significantly more success (like, an order of magnitude more) than B2C.
- IAmBroom 1y agoNot sure that's inflated, as it's comparable to the 5-year failure rate of new storefront businesses, according to what I read in the pre-internet days. 10% of attempts to monetize new ideas might just be a basal level, since the root issues (humans, often without formal business training nor experience) don't change with technological implementation.