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Startup Sales Mentor
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It is the age of the Entrepreneur. Bootstrapping is the new phenomenon, and rightly so, many new companies are started without the grandiose chase for VC funding. New ideas, cutting edge technologies, the lightning speed of innovations, and the all too instant access to information has spurned ideas and their funding the world around. Yet so many of these ideas never see it to market because there are too many holes in the go to market strategy.
While there are no concrete studies trusted by all, here are the most optimistic statistics available. Globally over 3 million companies were launched over the last 5 years, and half of them no longer exist. Of the remaining, approximately 35,000 file for bankruptcy annually, another million are breaking even or losing money. In the U.S. only 30% of the small business start-ups that launch ever see a profit. Most of those that succeed are heavily funded and have a strong executive team including many experienced board members.
For the pessimists, this is the common mantra in the VC world: "Startups-turned-blowups will make up a lion's share of the approximately 20,000 business plans currently circulating around Sand Hill Road, the tiny Silicon Valley address of influential venture capitalists. Most of them end up in dustbins, never earning a dime of investors' money. And those that do get funding often don't make it. In fact, although official statistics are not available, se! veral VCs estimate that for every successfully funded startup there are about 100 that fail." - John Swartz Forbes.com |
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