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Is it just me, or is the "600% more likely to succeed" statement incorrect? Based on the numbers provided in the accompanying infographic, it's actually that no
by aiiane 14y ago
Is it just me, or is the "600% more likely to succeed" statement incorrect? Based on the numbers provided in the accompanying infographic, it's actually that non-Techstars startups were 600% more likely to fail, which is not the same, mathematically.
40% failure rate for regular startups -> 60% success rate
6.5% failure rate for Techstars -> 94.5% success rate
94.5% compared to 60% is an increase of 34.5%, or a 1.575x chance.