My top essays/tweetstorms in 2019 on product/market fit, investing, KPIs, YouTubers, and more
Andrew Chen
JANUARY 9, 2020
Why startups are hard – the math of venture capital tells the story. My partner at a16z, Scott Kupor, wrote a book recently and I excerpted it here, and talked a bit about why startups are a hard industry, looking at the numbers. Tldr; half of startups fail, and a small portion – 6% – make all of the money.
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