In this Startup FAQ, we ask: Is it true that nine out of 10 startups fail?
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The statistic, it turns out, may be a myth. Dr Harveen Chugh, from Imperial College Business School, says the figure is a bit more positive, estimating the three year survival rate of startups to be closer to 50%.
London Business School alum Gerhard Grueter has an even more optimistic outlook. Even if it is nine out of 10 startups that fail...so what? That means you only need to regenerate your business nine times before you succeed. You can hear more about Gerhard's success, and his startup Lawson Conner, in this full interview.
In our Startup FAQ series, we pose frequently asked questions from Reddit and Quora about entrepreneurship to successful entrepreneurs and business school experts.
WATCH MORE: Is Having A Startup Cool?