4 ms·
He never said the latter isn't an entrepreneur.
by mgummelt 14y ago
He never said the latter isn't an entrepreneur.
- darrhiggs 14y agoYou, are right; but there is ambiguity. 'Startup' is not never mentioned by the authors.
- tedunangst 14y agoIf ordinary company founders are not excluded, then distinguishing between startups and ordinary companies would not change the fact that most entrepreneurs are in their forties. If it's a distinction without a difference, why distinguish?
- mgummelt 14y agoI'm not sure I understand you correctly, but he's saying that startup founders tend to be young, probably due to the risk profile of startups vs small businesses. Entrepreneurs as a whole (a much larger group) may well be in their forties on average, though. Edit: Does anyone happen to know the success rate (for some definition of success) for restaurants?
- reissbaker 14y agoAccording to this[1] Bloomberg article, failure rate is roughly 60%. Failure rate is defined as changing ownership within three years of founding. Pretty low failure rate, compared to a startup. [1] http://www.businessweek.com/stories/2007-04-16/the-restaurant-failure-mythbusinessweek-business-news-stock-market-and-financial-advice http://www.businessweek.com/stories/2007-04-16/the-restauran...
- mgummelt 14y agoFunny that ownership change is usually considered a startup success.