[ceautery]

The math in this article is wrong. Assuming companies file for bankruptcy at the same pace throughout the year, this article is simply multiplying the number of current startup bankruptcies by 2, but it was filed on August 4, day 216 of the year. 54 * 365 / 216 = 91.25, less than the 2010 value of 95.

Plus, companies tend to file for bankruptcy in the first quarter, so we should expect the value to be even less than 91 by the end of the year.

I'd throw in something about FastCompany's lack of journalism, but this seems to be just a "the sky is falling" puff piece to drive engagement.