HOBOKEN, N.J., Feb. 14, 2020 /PRNewswire-PRWeb/ -- Accelerator programs have exploded around the world as the new startup growth institution, spawning successes such as AirBnB, DropBox, Reddit, Stripe, Zenefits, Uber and Pillpack, - many to billion-dollar valuations.
More than 6 million entrepreneurs start a new business in the United States every year, but for every Airbnb, Uber or Reddit, a staggering number of startups don't "make it". Up to 20% of startups don't survive the first year alone. Up to 50% are no longer alive by year 5, and up to 90% ultimately fail. Startup accelerator programs aim to help startups circumvent the different challenges, dilemmas, and pitfalls at different stages of the startup journey - improving their odds of 'making it'.
