The text below is a reminder to everyone that is investing as well as those willing to take on the adventure of building their own start up company.
“Approximately 70% of startups fail. Of the remaining 30%, some will deliver a 3–5x returns, which is considered a very good return. But the VC still needs roughly 5% of their companies to deliver 10 to 100x returns to balance out the losses, and drive significant returns.”
Are you solving a problem for a set of customers, or a market, in a repeatable way ?
(Matt Murphy, Menlo Ventures)