"Reaction [beta]"
When failure is a good thing 21 Apr 2008
The New York Times' article "When Failure is a Good Thing" reveals an interesting statistic:
"While people typically guess that 90 percent of dot-com companies failed, the reality is that a random sample of all dot-coms that received venture capital financing in 1999 showed that about half (48 percent) were still in business five years later."
This low failure rate suggests that "too few entrepreneurs were funded and too few ventures launched", according to Tim Laseter of the University of Virginia's business school and David Kirsch and Brent Goldfarb of the University of Maryland.
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