Wednesday, October 31, 2007

When Failure Is a Good Thing

QUIZ time: What percentage of dot-com start-ups have failed?" an article in Strategy + Business asks.
The answer, the three academic authors write, is probably significantly fewer than you think.
While people typically guess that 90 percent of dot-com companies failed, the reality is that a random sample of all dot-coms that received venture capital financing in 1999 showed that about half (48 percent) were still in business five years later, write Tim Laseter of the University of Virginia's business school and David Kirsch and Brent Goldfarb of the University of Maryland.
check the full article on NY Times

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