Image via CrunchBase
ReadWriteStart, the entrepreneur’s channel of ReadWriteWeb, nicely published an article I wrote for them called 10 Principles For Not Killing Your Startup.
With the new wave of entrepreneurs brought about by the financial crisis, I suspect the mortality rate of startups is at an all-time high. I didn’t find robust data to back my observation yet, but I did come across a page that points out that, before the financial crisis:
- the chances were six in a million that an idea for a high-tech business eventually would become a successful company that goes public;
- a venture capitalist financed only six out of every 1,000 business plans received each year;
- and bankruptcies occured for 60% of the high-tech startup companies that succeeded in getting venture capital.
Wow. Persistence is paramount. (more…)
and Ian Davis and quickly expanded to a few other folks. Paul subsequently wrote a blog post 
