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startups_by_the_numbers-thumbSome interesting “numbers” on “startups”.

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:

startups-final_hires

 

From The Payroll Blog

Written by CJ Cornell

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.

 

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