How Many Startups Fail? More Than You Think

How Many Startups Fail? More Than You Think. Base Rates in Startup Success and Failure are critical to understand if you plan to start a business. In fact, I'm sorry to say, but your startup is likely going to fail, and your investors knew it all along. Wait, what? First of all, why is some guy on the internet, that’s me, telling you that your amazing idea for a new wind powered can opener or whatever is going to fail and second, if your investors knew it all along, why did they give you that seed round of funding??

Welcome to Data Demystified. I’m Jeff Galak, and in this episode we’re going to talk about base rates and how two different groups of people, you the entrepreneur on one the hand, and your investors on the other can look at the exact same information and interpret it very very differently: base rates.


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Equipment Used for Filming:
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Yeti Microphone: https://amzn.to/2ZTXznB
iPad for Teleprompter: https://amzn.to/2ZSUkNh
Camtasia for Video Editing: https://amzn.to/2ZRPeAV