When you hear the word “startup,” what comes to mind? If it’s the image of five software engineers crammed into a Silicon Valley basement, you’re not alone. However, not all startups are small and strapped for cash, as they don’t actually graduate to a larger company until reaching 80 employees, or $20 million in revenue. However, only a small percentage of startups are able to make it to this phase. Because the first couple of years are so dependent on seed funding, only 10% of startups are successful every year. So, what does it take to make or break a startup? The experts at Embroker have compiled a guide to the 106 must-know startup stats of this year in order to answer that question. Their key findings are detailed in the graphic below, and you can take a look at the full piece for a deeper dive.
