The “Silicon Valley” in the US is a fascinating place! It is a melting pot of a highly competent talent pool dedicated to developing innovative business models and solutions. The sheer number of people who have serious ambitions of starting a technology-centric start-up is simply mind-boggling. It is a matter of pride for entrepreneurs in Silicon Valley to talk about how many times they have attempted to start a company or even how often they have failed!
However, beneath this super energetic plane, is also a stark reality which is equally critical to note. Only less than 1% of all start-ups launched survive for more than 5 years. Most either die, or are acquired within an average life span of 3-5 years. - See more at: http://www.businessworld.in/news/business/it/making-innovation-work/1677831/page-1.html#sthash.nKBSGW01.dpuf
