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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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What are the odds of your startup’s success?

Berkonomics

Well, the numbers don’t lie, even if there are several sources of these statistics. But… I read several years ago that the average startup restaurant lasts only about a year. Bureau of Labor Statistics states that 50% of all businesses survive five years or more, and about one-third survive ten years or more. And the U.S.

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Interview with Adi Jaffe, All About Addiction

socalTECH

To understand how one local company is making that transition, we talked with Los Angeles-based All About Addiction (www.allaboutaddiction.com), a company that grew out of Adi Jaffe's work at UCLA as a trained psychologist. First, what is All About Addiction about? The idea was to make it simpler for people to find rehab.

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Disney Accelerator Alumni StatMuse Picks Up $10M Round

socalTECH

Greycroft Partners, Promus Ventures, Haas Portman, Deep Fork Capital, and Bee Partners. StatMuse develops natural language search software and a social interface, which helps fans push out statistics about their favorite teams; the company currently has a deal with the NBA to offer up its service to fans of the league.

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Professional Investors Qualms About Crowdfunding

Startup Professionals Musings

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. Have you ever wondered what professional startup investors think about all this? But don’t be misled – these are just the cream of the crop.

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5 Equity Crowdfunding Reflections Before You Sign Up

Startup Professionals Musings

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. Have you ever wondered what professional startup investors think about all this? But don’t be misled – these are just the cream of the crop.

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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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