Being an Entrepreneur - From the Tech Entrepreneurs Guidebook

Being an Entrepreneur - From the Tech Entrepreneurs Guidebook was a short but interesting read. It has a bunch of facts about entrepreneurs and entrepreneurship. It has some pretty staggering figures like how only 1 in 6,000,000 tech companies will reach an IPO. While i knew not all companies would reach that stage, and that a lot of companies fail, that number still shocked me as to how high that number was. 

One of the other facts that i pulled out the is reading was that 60% of companies funded by VC's go bankrupt. This seemed like a really high number. You would think that a VC would have a much better success rate. They always seem to portray themselves as doing much better than that. Obviously you cannot believe everything people say.

Another fact was that most tech companies that reach an IPO usually take about 3 to 5 years to get there. This seemed a really short amount of time, as it always looks like a company takes a long time to really get going. I know that there is always the outliers but i figured the number would be more in the range of about 8 to 10. Maybe that is just because i only see some of the more high profile companies and they might take about that time. Overall this was a good read as it provided some shocking statistics.