But, won't most anything startups be out of business in 3 years?
Data from the BLS shows that:
"approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more."
Data from the BLS shows that:
"approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more."
https://www.investopedia.com/financial-edge/1010/top-6-reaso....
Purely guessing that startups fail even faster. This Hubspot article states:
"All these reasons bring up one question: How many startups fail? The reality is that 90% of startups fail."
https://blog.hubspot.com/the-hustle/how-many-startups-fail#:....