Failure Rate in Emerging Industries and Silicon Valley: Failure is a given in emerging industries. Note to all non-governmental organizations (NGOs) and governments: Stop fretting about small business failures. He built the company with no venture capital and with his own efforts and meager savings. My research of 85 American unicorn-entrepreneurs found that 99% did not get venture capital until after they had proved their strategy, and 76% never used VC. Note to NGOs and governments: Stop wasting money on early-stage venture capital.

Source: Forbes November 04, 2019 22:52 UTC