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Robots
(lemmy.sdf.org)
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this post was submitted on 14 Sep 2023
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Because you don't know the personal examples I know. You can look up statistics of small businesses and startups and learn how to get funding. I think the average exit from a successful startup is in the 10s of millions USD after 5 years of work. It needs hard work, and it's not easy, because no one is gonna invest in your project unless you're dedicated. BUT, it's totally possible and I've seen it tons of times. I've seen idiots get more than $15 million funding. Some fail, some succeed. In fact the majority fail, but while they're failing they learn, and VCs have interest in investing because their expected returns based on statistics are higher than their investment on average.
There's so much work to be done before calling it quits, especially for someone who doesn't know what a VC is and how it works.
May I see the personal examples you know?
Would you like a copy of my passport too? Nice try.
And just in good faith I'll tell you again: The internet is flooded with stats on startups. You don't need to dox me here to get that information.
I don’t think it would be doxing to just say the startup examples you are thinking of. Certainly they’re not so small and insignificant that a person could easily narrow down your identity simply by the businesses you’re familiar with…
BLS says 25% of new businesses fail in the first year and only half make it to five. Zippia says only 40% of startups turn a profit and 90% fail.
Those are the first two results I saw.