Startup Stories: Lessons from Failure_Special Recommendation - A gathering place for creative, innovative, and entrepreneurial experts ideavip.com

by ideavip on 2009-08-15 23:24:51

It was reported that the failure rate of business start-ups is over 70%, while that of university students is even over 95%. This data surprises people, and makes entrepreneurs worried. However, iDiary highly doubts this set of data: how were they investigated? How was "failure" defined? If an entrepreneur failed in a certain phase but didn't give up and eventually succeeded, which phase of his was the statistician investigating on?