Research, tracking 1,119 US Tech companies that raised the first seed round in 2008-2010, reports:
- 48%, raised the second round of funding
- 30% succeeded beyond the first 20 months
- 15% raised the fourth round of funding
- ~1% become a unicorn
CBInsights reports, in Q3’21 global venture funding increased to reach $158.2B.
There are many business reasons behind startup failures. But, such a low success rate in Tech makes me wonder…
Can society be better served by shifting the industry’s short-term-gain investment approach towards advocacy for long-term advancement?
Isn’t it time for the technology sector to become sustainable?
Demand a Sustainable Circular Technology,
Sally M Solaymantash