Re:State of Independent SaaS [pdf]
by einarvollset on Sunday January 26, 2020 @06:24PM
(#22155587)
Only 58% of tech companies that IPO’ed between 1980 and 2016 received VC funding, so I’m not so sure I’d be quite so dead certain of that.
Look at the hours worked as well. 80% work less than 50 hours a week. And the businesses are very geographically dispersed. Net Net. These are not anything like typical SV startups.