[eole666]

90% of startups fail : https://review42.com/resources/what-percentage-of-startups-f... There is no surprise a startup is failing, most of them propose products nobody needs and are a big waste or time, energy and money.

But hey, creating a startup and trying to make it an unicorn is still trending. Still tons of people with too much money have a hobby investing in bullshit tech things, so there is hope for each founder to find a lot of founding money if they are good at selling their product idea, no matter how bad or good it actually is.

And then, when the initial cash flow runs dry, the startup fails, time to create another one !

[michihuber]

so what? that’s the cost of making the other 10% happen.

and that’s how society becomes prosperous.

[eole666]

Yes, and the society is doing great and is very prosperous those days, thanks to all those succeeding startups, that's really cool.

Just keep creating startups with all this money, and everything will be fine. No problem at all.

[nwiswell]

Do you know which website you are using?

[hackernewds]

Reddit for engineers?

[nwiswell]

Reddit Orange Edition

Why orange? Nobody knows

[sulam]

Because it's clearly the best color for a bike shed.

[0des]

Any comparison to reddit here usually incurs the wrath, just a heads up. It can be funny and it can be true, but you will be asking a friend to spare some internet points by the end of the night unless its just like a magnificent specimen of a punchline and a compliment and some type of couched meta acknowledgement.

[mosdl]

You can swap startups with restaurants and it still holds true, not sure what the point is.

[eole666]

For me, there is quite a difference between investing millions or even billions in some trending startup who mainly know how to sell their crap tech idea, and investing a reasonable amount of money in a restaurant that will actually serve food to people.

[ipaddr]

Have we collectively reached Office Space ending. Developer leave to take up construction jobs because it feels more real.

Investing in a restaurant is really similiar to investing in a restaurant without the unlimited upsize most fail in both cases but only one produces unicorns.

[0des]

One feeds you and drowns your sorrows for free on the way down, the other does your laundry and walks your dog as long as you keep the shackles on just a little longer.

[mosdl]

Owners invest more than you think into restaurants to sell their crap food no one needs.

[jacquesm]

That stat is well supported, but I wonder what the percentage of failure is within YC, are there any stats on this?

[thinkwithlucie]

that's a great question, yes, you can use the startup directory to run the stats on inactive startups. on average, every third startup fails If you consider all batches, the average failure rate is 32%

[jacquesm]

So that makes them much better than the average.

[thinkwithlucie]

yes of course, YC only picks the best of the best, i think the acceptance rate is around 1%