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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. What are you on about? Anyone with a great deal of experience in dealing with numbers knows to be careful about the seduction of them. He must have been about 24. People throw them around at cocktail parties.

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7 Keys To A Winning Business As A Phone App Developer

Startup Professionals Musings

Yet according to other statistics, vanishing few of these ever generate a significant profit. We all hear about the big winners, such as the game Clash of Clans , which has now surpassed $1 billion in yearly revenue, and the smartphone version of Skype , which is making huge money through credits as an extension of the website version.

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6 Strategies To Find An Investor For Your New Venture

Startup Professionals Musings

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. That leaves only about fifteen percent that actually get their funding from investors, through crowdfunding, banks, angels, and venture capitalists.

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6 Tips On Where And When To Look For Startup Funding

Startup Professionals Musings

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. That leaves only about fifteen percent that actually get their funding from investors, through crowdfunding, banks, angels, and venture capitalists.

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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

Just as I was getting the swing of things the world shifted beneath my feet and the stock market went into a free fall and venture capital all but shut down for nearly a year. In the case of Invoca we led both the seed round and the A round and didn’t wait for somebody else to come and provide more capital. Over the past 2.5

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7 Lessons For Mobile App Developers To Beat The Odds

Startup Professionals Musings

Yet according to other statistics, vanishing few of these ever generate a significant profit. We all hear about the big winners, such as the game Clash of Clans , which still pulls in over a million dollars a day, and the smartphone version of Skype , which is making money through credits as an extension of the website version.

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6 New Venture Ending Alternatives You May Contemplate

Startup Professionals Musings

The last thing a new entrepreneur wants to think about for a new startup is how it will end. Yet one of the first things a potential equity investor asks about is your exit strategy. The resulting entity will gain complementary skills, economies of scale, new customer sets, and hopefully a larger growth opportunity.