August 20, 2011
Evolutionists predict that firm failures rates are high. I have reported failure rates ranging from 61 to 88% for the synthetic dye industry in different countries (Murmann & Homburg, 2001). 75% percent of all new ventures are often reported without reference to the underlying data. Here is some data on venture backed firms, that means firms that are seen as very promising.
A recent, large-scale study by William Sahlman, an advisor at several large venture capital firms and a Harvard Business School professor of Entrepreneurial Management, reveals that the failure rate of professional venture firms over the past 15 years has been around 60%, up from 35% in the 1980s. In other words, more high-potential ventures fail than succeed. The good news, says Sahlman, is that the economy and culture of the United States encourage entrepreneurial risk-taking. Failure doesn’t mean “Game over.” It means “Try again, with experience.”
From Bigthink
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