Chapter One: Introduction to Start-Ups and Their Funding
The research on which this book is based provided a lot of data about start-ups of all kinds that use technology, from semiconductors to Internet sites. The findings include their probability of success and how they are typically organized. Let's begin with thirty-one facts about typical high-tech start-ups -- many of them contrary to popular stereotypes.
1. The chances are 6 in a million that an idea for a high-tech business eventually becomes a successful company that goes public.
2. Fewer than 20 percent of the funded start-ups go public.
3. Founder CEOs own...