(Illustration by Chris Manfre)
From the January issue: The failure rate for startups is high — anywhere from 75 percent to 90 percent, according to industry estimates.
And if that weren’t enough, here’s another discouraging fact: Unsuccessful companies typically shutter within 20 months of being funded, according to venture capital database CB Insights.
So despite the enormous amount of capital being deployed to unleash a real estate tech revolution, the chances are strong that the real estate startups currently pushing themselves as the next big game changer will flop. [more]