Statistics say that 90% of startups shut down in the first…

Orchid Files

Statistics say that 90% of startups shut down in the first few years. But this only applies to venture-backed startups. Startups with other kinds of funding may have a 50% chance of success, and your own odds may be even higher.
If you’ve already launched 5 startups, even if all of them shut down, your next startup will have better odds of success than someone on their first startup. And if some of your startups became profitable, your next startup will have better odds than someone whose 5 startups all lost money. With each new attempt, you improve your odds of success.
https://orchidfiles.com/startup-success-probability/

Orchid FilesStartup success probabilityStatistics say that 90% of startups shut down in the first few years. But this only applies to venture-backed startups. Startups with other kinds of funding may have a 50% chance of success, and your own odds may be even higher. If you’ve already launched 5 startups, even if