Every year, 90% of startups fail—CB Insights recently showed
us the usual assassins:
lack of market need (35%), lack of competitive awareness (20%), and poor pricing
(15%).
Survival isn’t much better: only 35% of US businesses last 10 years, 50% of UK
firms survive three, 45% of EU ventures make five, and just 10% of Indian startups reach five.
Brazil holds at 50% over four years, while Africa sees 46% early survival—few
make it past Series B, according to Stripe.
That's the problem we are trying to solve.
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