If you are like me an avid reader of the tech offline/online media, you may be under the impression that every other 21 year old kid in California is being thrown 10 million USD at for a s* business plan pulled off the web. Let me make it clear to all of you who might feel down reading these endless stories!
The official worldwide failure rate for startups is 90% and VCs invest in less than 2% of startups globally.
The official worldwide failure rate for startups is 90% and VCs invest in less than 2% of startups globally.
Nothing else to add folks! The numbers speak for themselves. Entrepreneurship is NOT for everybody! Every time you read about a 21 year old kid making millions, remind yourself of the above.
