About 20% of Tech Startups Worth More Than $1 Billion Will Die, Accel Says

About 20% of Tech Startups Worth More Than $1 Billion Will Die, Accel Says

There are more than 1,000 technology unicorns, meaning venture backed companies worth $1 billion or more, but at least 1 in 5 are likely to fail, Rich Wong, a partner at venture capital firm Accel Partners.

About 20% of tech start-ups worth more than US$1b will fail, Accel says

(June 6): There are more than 1,000 technology unicorns, meaning venture-backed companies worth US$1 billion (RM4.22 billion) or more, but at least one in 5 are likely to fail, said Rich Wong, a partner at venture capital firm Accel Partners.

Tech Startups: 20% of $1 Billion Unicorns Expected to Fail, Accel Warns

Accel partner Rich Wong predicts that out of the 1,000+ technology unicorns, around 1 in 5 are likely to fail despite their billion-dollar valuations. This warning sheds light on the high-risk nature of the tech startup ecosystem, emphasizing the challenges even well-funded companies may face. The insight serves as a reminder for investors and entrepreneurs to be prepared for the volatile nature of the industry. The post Tech Startups: 20% of $1…

About 20% of Tech Startups Worth More Than $1 Billion Will Fail, Accel Says

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