Hacker Read top | best | new | newcomments | leaders | about | bookmarklet login

Survivorship bias?


view as:

Without data on industry wide startup failures year over year, impossible to say. But most likely yes.

Not necessarily. If you say starting a company is great because you asked 10 post-exit founders what they thought and they said “lots of work but totally worth it” that’s survivorship bias. Founders that didn’t survive wouldn’t say the same thing. If you’re saying that founding a startup in a down economy is a good idea because of a higher chance of survival that’s not survivorship bias. The non-survivors aren’t ignored, they’re included in the rate calculation.

Legal | privacy