Myth-busting in startup culture
There’s a myth in startup communities that securing success involves thinking up an innovative idea, writing a slick business plan, presenting to VCs and then collecting the cash. And if that doesn’t go your way, then it’s game over. This couldn’t be further from the truth.
The research says that more than three in four firms attracting VC investments don’t repay the capital that goes into them.SOURCE: LBS RESEARCH
According to a study by U.S. Bank, 82% of business failures are due to poor cash management.SOURCE: ENTREPRENEUR
According to the OECD, small to medium-sized enterprises typically contribute 50% or more to GDP and create 70% of new employment opportunities.SOURCE: OECD