{"id":3831,"date":"2019-11-05T10:44:23","date_gmt":"2019-11-05T08:44:23","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=3831"},"modified":"2020-04-28T09:47:49","modified_gmt":"2020-04-28T07:47:49","slug":"11-surprising-and-insightful-statistics-about-startups","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/11-surprising-and-insightful-statistics-about-startups\/","title":{"rendered":"11 Surprising And Insightful Statistics About Startups"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\";https:\/\/specials-images.forbesimg.com\/imageserve\/517017632\/960x0.jpg?fit=scale\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"11 Surprising And Insightful Statistics About Startups\" title=\"11 Surprising And Insightful Statistics About Startups\" \/><\/div>\n<p>11 Surprising And Insightful Statistics About Startups. The rate at which a <a href=\"https:\/\/www.dazzlepop.net\/site\/category\/startup\/\">startup<\/a> grows has long been a big determinant of startup success.<\/p>\n\n\n\n<p>While growth\u00a0matters, over 70% of startups fail because of premature scaling. This finding and 10 more listed below will help you make wiser decisions.GETTY <\/p>\n\n\n\n<p>The rate at which a startup grows has long been a big determinant of startup success. While growth matters, over 70% of startups\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.forbes.com\/sites\/nathanfurr\/2011\/09\/02\/1-cause-of-startup-death-premature-scaling\/#7d78eb881fc9\" target=\"_blank\">fail because<\/a>\u00a0of premature scaling. This finding and 10 more listed below will help you make wiser decisions based on previous failures, successes and data-backed conclusions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/static.arageek.com\/wp-content\/uploads\/2020\/02\/Why-Startups-are-More-Popular-than-Ever-1.jpg\" alt=\"11 Surprising And Insightful Statistics About Startups\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">1)\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/gallery.mailchimp.com\/8c534f3b5ad611c0ff8aeccd5\/files\/Startup_Genome_Report_Extra_Premature_Scaling_version_2.1.pdf\" target=\"_blank\">Mentored startups<\/a>\u00a0grow 3.5x faster and raise 7x more money.<\/h4>\n\n\n\n<p>Entrepreneurs are constantly pulled in many directions. Business success can be amplified with the support of the right mentor who, above all, helps the founder focus and invest time wisely. The experience and connections of the mentor provide entrepreneurs with a roadmap with a higher probability of success.<\/p>\n\n\n\n<p>2) Over&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/gallery.mailchimp.com\/8c534f3b5ad611c0ff8aeccd5\/files\/Startup_Genome_Report_Extra_Premature_Scaling_version_2.1.pdf\" target=\"_blank\">70% of startup<\/a>&nbsp;founders eventually realize that their intellectual property is not a competitive advantage. Entrepreneurs often start with an idea they strongly believe is unique and innovative. Most founders quickly realize that the idea, product or process alone, even if legally protected, is not valuable without execution.<\/p>\n\n\n\n<p>3) Technical co-founders are critical to enterprise focused startups but not as important for consumer products. Teams with a technical co-founder&nbsp;<a href=\"http:\/\/10years.firstround.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">perform 230%<\/a>&nbsp;better in enterprise companies since products that serve enterprises require a higher level of technical performance. Not having a technical co-founder shouldn\u2019t stop you from capturing a business opportunity as long as you are working with a committed technical lead like a CTO.<\/p>\n\n\n\n<p>4) Startups founded by non-technical teams outperform technical founders of consumer companies. They perform&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/10years.firstround.com\/\" target=\"_blank\">31% better<\/a>.<\/p>\n\n\n\n<p>5) Founders need&nbsp;<a href=\"http:\/\/gallery.mailchimp.com\/8c534f3b5ad611c0ff8aeccd5\/files\/Startup_Genome_Report_Extra_Premature_Scaling_version_2.1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2 to 3x<\/a>&nbsp;longer than they expect to validate a business model.&nbsp;<a href=\"https:\/\/www.forbes.com\/sites\/abdoriani\/2019\/10\/12\/the-simplest-way-to-validate-a-startup-app-idea\/#f882bd517ed3\" target=\"_blank\" rel=\"noreferrer noopener\">Validating an idea<\/a>&nbsp;takes time and requires listening and intuition. Just like an intellectual property does not necessarily differentiate a startup from the competition, ideas, even if they seem unique, require several rounds of customer interviews and product iterations before they become products people love, use and recommend.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Source:  <a href=\"https:\/\/www.forbes.com\/sites\/abdoriani\/2019\/10\/24\/11-surprising-and-insightful-statistics-about-startups\/#102aca9b6120\">https:\/\/www.forbes.com\/sites\/abdoriani\/2019\/10\/24\/11-surprising-and-insightful-statistics-about-startups\/#102aca9b6120<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>11 Surprising And Insightful Statistics About Startups. The rate at which a startup grows has long been a big determinant of startup success. While growth\u00a0matters, over 70% of startups fail because of premature scaling. This finding and 10 more listed below will help you make wiser decisions.GETTY The rate at which a startup grows has [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[29],"tags":[31,197,11],"class_list":["post-3831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup","tag-business","tag-business-development","tag-startup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dazzlepop | 11 Surprising And Insightful Statistics About Startups<\/title>\n<meta name=\"description\" content=\"11 Surprising And Insightful Statistics About Startups. 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