Monday, August 15, 2016

The sad fact about Wall Street trading startups

The Business Insider reports:
The majority of startups fail. A little googling told me that over 90% fail within three years.

Despite the fact that the cost of starting a company has decreased considerably via cloud computing and open source technology, taking into account the personal sacrifice required to start a company and the high failure rate it's amazing that so many people think the path of an entrepreneur is a good one.

The prospects of creating the next unicorn are of course a major driver, but that's not really the reason people do it.
An interesting article.