Long before the dotcom boom of the 90s, entrepreneurs have been sharing advice – and myths – among themselves. Whether it serves as a warning, a boast, or even as an excuse, leaders often quote the saying – startups fail 90% of the time.
Entrepreneurs hear it all the time, but it’s data says it’s not true. Startup failure rates haven’t climbed above 60% since 2001.
In a world full of disruptors and bad capital, startup founders and young entrepreneurs should take note – all advice should be taken with a grain of salt and the understanding that more than one in ten startups succeed.
Learn more about the data, and more in this edition of Founders Flash.
- Conventional wisdom says 90% of startups fail. Data says otherwise (Fortune)
- 4 digital strategies that can help your small business grow globally (Tech Co.)
- Effective networking requires work. How to make the most of every event. (Forbes)
- The key to understanding the major risks facing global industries (BostInno)
- Three important strategies for SaaS startups (Forbes)