Unexpected Startup Lesson #1: Quitting the day job

Re:Unexpected Startup Lesson #1: Quitting the day job by RiderOfGiraffes on Monday May 10, 2010 @05:51PM (#1336058)

  > 41% of Entrepreneurs succeed on their first go;

That's awfully precise. Not 40%? Not 42%? What is the sample size? Where did you get the data?

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Re:Unexpected Startup Lesson #1: Quitting the day job by chegra84 on Monday May 10, 2010 @06:31PM (#1336152)

That's the source: http://www.kauffman.org/uploadedFiles/ResearchAndPolicy/TheS...

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Re:Unexpected Startup Lesson #1: Quitting the day job by RiderOfGiraffes on Tuesday May 11, 2010 @04:21AM (#1337247)

You claimed that 41% of Entrepreneurs succeed on their first go, and then quote the above link, but now you've got me very confused. The paper says that of those being surveyed, 41.4% were on their first business.

Interesting paper, but I don't think it supports your assertion.

For example, it may be that 100% of entrepreneurs succeed on their first go, but that 41% of those interviewed are on their first (of many yet to come).

On the other hand, it may be that all of these on their first business will fail, but potentially go on to succeed on subsequent attempts.

In short, that 41% doesn't at all say that 41% of entrepreneurs succeed on their first try.

Can you explain your thinking further?

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