Published by:
Amy Osmond Cook, Forbes
November 2, 2017
In the first nine months of 2017, 10 prominent startups crashed, driving a collective $1.7 billion into the ground. Meanwhile, large and small companies that started with no cash saw growth, signaling that entrepreneurs don’t need huge coffers to capitalize on big ideas.
Statistics show that 90% of new ventures fail — well funded or not. Yet, each day delivers a new lineup of entrepreneurs with big ideas and high hopes of joining the successful 10%. Not all of them start out with lots of cash.
As it turns out, starting capital is the least instrumental factor in determining a venture’s success.
Read the full article in FORBES.