Two-thirds of startups don't last 10 years. The brutal truth is no one cares (opens in new tab)

(theguardian.com)

5 pointsyuxt1y ago6 comments

6 comments

Isn't one third for 10 years actually quite good success rate? I would have expected lower. 10 years is long time even for not failing new businesses. And not failing here means generated more than spend over lifetime.

emrah1y ago

Most anything doesn't last 10 years, and that's ok

theLegionWithin1y ago

better than restaurants, ~80% fail in 5 years.

JSDevOps1y ago

They don’t. Why would they. Alot of them are just complete grifters and waiting for that big pay day in the sky after they get acquired by FAAAAAANNNNNGGGG or any number of the subsidiary’s. If your app claims to “revolutionise” something completely mundane and trivial like getting a shower or eating a sandwich and you value it at $5 billion then it’s a load of bollocks.

allears1y ago

Agreed. And when did 'disruption' become a good thing? Good for the founders' pockets, bad for everyone else.

cjbenedikt1y ago

While I agree to some extent I also beg to differ. How many of us happily use Google or Whatsapp for example. But leave the software world and look at startups in the hardware space really trying to solve challenges in the environmental sector. Often either completely ignored despite breakthrough technology just because another flavor of the month like AI comes along. Most of their founders I wager did not start hoping for a big pay check. Just saying.

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