Startup Failure Rates
The cluster focuses on the high failure rates of startups, frequently citing statistics like 90-99% failure and debating the low odds of success compared to lotteries or other gambles.
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How is it "very likely" when most startups fail?
It’s kinda like startup math. Most will fail but the few successes will offset the failures.
Isn't the failure rate of startups like 99% already?
Seems not that bad, considering that 90% startups fail [1][1] https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-star...
It probably won't succeed, because most startups don't succeed.
aren't most startups unlikely to succeed?
Most startups go out of business. Raising $ doesn't guarantee success.
Nevermind "AI". Fact is, most startups are doomed. Only small percentage succeed.
It is highly unlikely anyone here will ever have to worry about this problem, the odds are worse than winning the lottery [1] [2]. ~90% of startups end up in failure [3], for example.[1] https://medium.com/@13032765d/the-chance-of-becoming-a-billi... | <a href="https://archive.today&
Considering the failure rate of startups, I think the data shows that we just have a representative sample :-)