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1、90%of Tech Start-Ups Fail:What Do the Other 10%Know?Simon MorrisExecutive AdvisorConnected Vision AdvisorsFounder stats Average age of a founder is 45 The ratio of male entrepreneurs to female entrepreneurs in 2019 was 10:7 2 founders increase the odds of success 30%more investment,3 times customer
2、growth rate A 60-year-old is 3x as likely to build a successful startup than a 30-year-old.However-start-ups with high-levels of experience,but average or low passion and weak collective strategic vision are more likely to fail Founders who failed previously have a 20%chance of success,first time fo
3、unders have an 18%chanceStart-Ups Did You Know?2 2023 Connected Vision AdvisorsSource:Embroker 106 Must-Know Startup Statistics for 2023General stats 305 million start-ups created every year globally,only 0.05%get VC funding 10%of startups that raise a seed round also raise a series-A investment.90%
4、of start-ups fail 80%of“tech”start-ups fail(e.g.,CV&edge AI)90%of“disruptive”tech start-ups fail 99.9%of unicorns fail(1200 unicorns in 2022 or about 0.00006 of start-ups)70%fail in year 2-5 Failure is most common for companies with 11-50 employees Of 70k start-ups in USA,20 will reach$100M in sales
5、 a year Start-Ups Did You Know?3 2023 Connected Vision AdvisorsSource:Embroker 106 Must-Know Startup Statistics for 2023Top 20 Reasons Cited for Failure 1.No market need 42%2.Ran out of cash 29%3.Not the right team 23%4.Get outcompeted -19%5.Pricing/cost issues 18%4 2023 Connected Vision AdvisorsSou
6、rce:CBInsights Aug 2021There is no single reason though many are often related6.Poor product-17%7.Lack of business model 17%8.Poor marketing 14%9.Ignore customers 14%10.Product mis-timed 13%For“tech differentiation”start-ups(vs operational excellence)the most common reasons can be summarized as:1.No