- Social Graph
The term ‘startup’ is used too broadly to have any meaning . Many of the numbers really apply to small businesses – which is not synonymous with ‘startup’.
And, I hesitate to call these statistics or data because they are subject to much interpretation. For instance, this infographic perpetuates the meme that 50% of new businesses fail within 3 years. This is a gross generalization. 50% may not exist after 3 years, but this also may be due to other factors such as the owner retiring and closing the business.
You be the judge:
From The Payroll Blog
Written by CJ Cornell
Serial Entrepreneur. University Professor. Software Engineer. Media Executive. Venture Capitalist. Researcher. Marketer. Advisor. Mentor. Author and Speaker. Founded or co-founded nearly a dozen companies in software, digital media and television.
For the past few years I’ve been Co-Director of the Knight Center for Digital Media Entrepreneurship and Professor of Digital Media & Entrepreneurship at Arizona State University, and the university’s first full time Entrepreneur-in-Residence. Currently Visiting Professor of Entrepreneurship & Innovation at New York Institute of Technology and Managing Director at Propel Ventures LLC.