[nabeel]

I like your core point. If you aren’t building something of value, then the press doesn’t matter you won’t last anyway.

But the “90% of Techcrunch companies are gone in 6 months” stat is just wrong. I don’t know who this Dreamit guy is, but seems to have no bearing on the reality of an average Techcrunch post.

Namely, most of the Techcrunch announcements nowadays are AFTER some amount of angel money has been raised. And most companies target around 18 months of cash. So even if they were building something horribly crappy, there’s no way they are gone in 6 months.

Looking at page 1 of Techcrunch today, and filtering just for early stage startups. We have: Worlddesk, Snapguide ($2m), Kibits ($1m), Circl.es, Hootsuite ($20m), Skills.to ($3m), RentSocial. While you can go through $1-3m quickly if you spend badly, six months is unrealistic.

As others are saying.. this is just a dumb, wrong stat.