Startups · Entrepreneurs

Where would I find data on how many founders are actually successful? How many ideas are profitable?

Cheyenne Jones CEO/Founder

June 16th, 2015

We all have brilliant ideas, but I'm curious about the reality.  How many ideas get developed to attract funding? and then How many of these funded  ideas actually become businesses? Is it like restaurants where 90% fail?  Just doing a reality check. 

Freeman Fan Entrepreneur

June 16th, 2015

90% of restaurants failing in the first year is a myth. Studies indicate that failure rate is about a quarter:

http://www.restaurantowner.com/public/263.cfm

As for startups - 90% failure rate is perhaps close to the truth:

http://www.theguardian.com/technology/2014/jun/28/silicon-valley-startup-failure-culture-success-myth

David Fierbaugh Senior Mechanical Engineer at Microsoft

June 16th, 2015

I'd suggest another category, those ideas that succeed by changing dramatically from their original conception.

Tatsuya Nakagawa VP at Castagra Products (Industrial Coatings)

June 17th, 2015

From our research in the patent invention space, 1/1000 would be the overall number. Success being defined as making more money than you put in (IP costs, etc). The best companies in the world have about a 50% success rate. The average multinational has about a 25% success rate in getting new ideas off the ground. It all depend on the experience you have and your resources (people, capital). Sorry, I don't have any specific data on the tech "start-up" space.