About 20% of tech start-ups worth more than US$1b will fail, Accel says
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A report by Accel Partners indicates that about 20% of tech start-ups valued over $1 billion are likely to fail. Rich Wong, a partner at Accel, stated that many unicorns, which surged during the pandemic, are now facing challenges due to rising interest rates and decreased venture capital. While some companies may struggle to grow or go public, Wong predicts that 20-25% of unicorns will ultimately succeed. Laela Sturdy from CapitalG noted that only a small fraction of these companies will become standalone public entities, with Stripe Inc. being a notable example of a private company considering an IPO.
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Source: The Edge Malaysia The copyright of this article belongs to the original author/organization.
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