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Astonishing Superb Facts About StartUps

Astonishing Superb Facts About StartUps Every Entrepreneur Must Know

The Startup industry plays a major role in a growing economy. These industries provide a lifeline to new ideas that can cultivate into successful products/services and result in ample opportunities for the employment sector. However, most startups fail in their initial stage itself for various reasons such as poor strategy, in-competitive product, insufficient inventory & much more.

Today, at FactWish, we have come with some of the mind-blowing facts about the startup industry in which everyone must have an idea. Lets get started.

1. On average, there are 3 startups created every second worldwide.

On average, there are 3 startups created every second worldwide

2. Nearly 9 out of every 10 startups fail to sustain in the market for various reasons including lack of competitive strategy, less demanded product & poor analysis.

Nearly 9 out of every 10 startups fail in initial years

3. As per a survey, close to 70% of the entrepreneurs have submitted their idea to another company while working for someone else.

As per a survey, close to 70% of the entrepreneurs have submitted their idea to another company while working for someone else

4. Around 94% of the billion dollar startups worldwide are led by Men.

Around 94% of the billion dollar startups worldwide are led by Men

5. In business terms, a startup with a capital of atleast a billion dollars is known as “Unicorn

In business terms, a startup with a capital of atleast a billion dollars is known as "Unicorn"

6. United States holds 64.7% of the most successful unicorn startups worldwide followed by China and India.

United States holds 64.7% of the most successful unicorn startups worldwide followed by China and India

7. Slack has the world’s fastest record to hit the unicorn list (billion dollar startup) in least time taking only 1.25 years to get the unicorn status.

Slack has the world's fastest record to hit the unicorn list

8. Around 80% of the startup founders do not bother about their equity splitting.

Around 80% of the startup founders do not bother about their equity splitting

9. Startup improves the employment rate to a significant extent. Eventually, they’re also responsible for joblessness as most startups fail in their initial years.

Startups are also responsible for joblessness as most startups fail in their initial years

10. On average, the startup founders started their industry at the age of 40. This clarifies startups have no age criteria to become successful.

On average, the startup founders started their industry at the age of 40

11. As per a study, around 52% of the CEOs are replaced in the round B or C of funding due to lack of competitiveness or business getting failed consistently.

As per a study, around 52% of the CEOs are replaced in the round B or C of funding

12. Around 95% of the startup founders have atleast bachelors degree.

Around 95% of the startup founders have atleast bachelors degree

13. ByteDance, the parent company of TikTok holds the highest unicorn valuation among the top unicorn startups.

ByteDance, the parent company of TikTok holds the highest unicorn valuation among the top unicorn startups

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  • I’m not sure where you’re getting your information, but great topic.

    I needs to spend some time learning much more or understanding more.
    Thanks for fantastic information I was looking for this information for my mission.

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