90% of startups fail. This appears to be an accepted statistical fact. But is it really? I believe it’s possibly one of the most misleading statistics out there. When I was writing a post on How To Properly Evaluate the Risk and Rewards of Startups I had this 90% statistic in my head and thought it was going to be really damning evidence. Turns out it’s not as it seems…
Read MoreAs of March 2022, within the first 5 years of a startup’s life 48.4% fail. If you stretch that timeframe out to 10 years, 65.1% will fail (Source: LendingTree). Interestingly enough, Y-Combinator claims that 90% fail[§] and then says that “more than 50% of YC companies are still alive 5 years later.” If you read between the lines, YC’s success rate is no better than the industry average’s success rate (Source: Y-Combinator)…
Read MoreVenturing off into the land of freelance was a scary path to take. I was giving up the security of a consistent paycheck for the uncertainty of finding work on my own. Bills don’t care if you have a steady income, the bills must be paid. Big company long-term incentive programs are there for a reason. It’s a carrot on a stick. Carrots on a stick are meant to lure you ever onward, down paths that you might not normally take on your own free will. They are referred to as “golden-handcuffs” for a reason. It took my longer than I’d like to admit, but there came a day when I realized that I was being led down a path I didn’t want to be taking.
Read MoreSometimes taking a massive step begins with a gentle nudge, combined with seeing a glimpse of how the sum of life’s past experiences culminate into the genesis of something new. This is why I’m insanely excited to present to you |⫮| nonfractional, a multidisciplinary tech studio helping startups evolve their craft from idea to reality. |⫮| nonfractional represents the convergence of 20+ years of experience into a single company.
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