With all the successful entrepreneurs making headlines these days, it may appear that anyone can launch a company — which is true.
But before you quit your job to launch the next Facebook, it’s important to keep in mind that the success rate for first-time entrepreneurs is only 12 per cent, according to an infographic by Funders and Founders, which connects startups with funders.
But the glass isn’t half empty, as Funders and Founders points out, “even the veterans do not have a 100 per cent tried-and-true strategy for startup success, so this puts … a first-time entrepreneur on about the same level as the veteran.”
Photo: Funders and Founders
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