Welcome to the startup world.

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  • 9 out of 10 startups fail (source: Startup Genome – the 2019 report claims 11 out of 12 fail).
  • 7.5 out of 10 venture-backed startups fail (source: Shikhar Ghosh).
  • 2 out of 10 new businesses fail in the first year of operations (source: Bureau of Labor).

Failure rates of all new businesses:

  • 20% failure rate until the end of the 1st year
  • 30% failure rate until the end of the 2nd year
  • 50% failure rate until the end of the 5th year
  • 70% failure rate until the end of the 10th year

There are new VC business models coming, and we, 1337Works are one of them. We are a venture builder that not only provides our network, works with a startup, becomes a strategic partner, invests, but also mentors and empowers a startup to become great – maybe the next Unicorn.

Source:

https://www.failory.com/blog/startup-failure-rate

Author

Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

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