In my recent piece Reengineering Capitalism I highlighted a phenomenon that the global entrepreneurship ecosystem is paying very little attention to: Over 99 percent of entrepreneurs who seek funding get rejected. Yet, the entire world is focused on the 1 percent that is “fundable.”
The media, when pitched a startup story, is interested in who funded the venture. They seldom ask how much revenue the company has or if it is profitable.
Incubators take pride in how exclusive they are and how many “deals” they “reject.”
To read the full, original article click on this link: The Other 99 Percent: Entrepreneurs | Xconomy
