![](https://s3.amazonaws.com/cbi-research-portal-uploads/2018/02/02135131/00-chart-3.png)
There is certainly no survivorship bias here. But many very relevant lessons for anyone in the entrepreneurial ecosystem.
It’s worth noting that this type of data-driven analysis would not be possible without a number of founders being courageous enough to share stories of their startup’s demise with the world. So a big thank you to them.
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