Startup Failure Rate: Data Visualization Featured in Tech.Co

Data visualization showing the ‘8 out of 10 startups fail’ statistic is a myth featured in Tech.Co

20th April 2016

Tech.Co, the renowned publisher of all things technology, featured Fleximize's data visualization '8 Out of 10 Businesses (Don't) Fail' in an article that delved into the facts surrounding the myth that 80% of startups fail within the first year, as first popularized by Forbes.

Serving up a Tech Cocktail
Serving up a Tech Cocktail: featured Fleximize's data visualization on the real rates of business survival

The startup failure myth started with a Forbes article from 2013, that plainly stated, eight out of 10 businesses fail within the first 18 months. The article references a source from Bloomberg, which is unlinked and unfindable. But with reputable sources like these behind the statistic, it must be true, right? You are incorrect, sir!

Conor Cawley, Tech.Co

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