According to research by the Small Business Administration, only half of the new businesses have survived during the first five years and only a third of new businesses can survive for 10 years. On the contrary, it is reassuring, as we can conclude that if only 50 per cent of new
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Still in need of last-minute Season gift for a startup friend? Or are you looking for something to read over the holiday period? Either way, Sifted’s Bookclub is here to help. We regularly ask Europe’s finest startup minds for their reading recommendations, so we thought we’d compile the most frequent suggestions of
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Israel has largest number of start ups per capital in the world, and is considered to be the second-largest start up ecosystem in the world. The country is home to 5000 active start ups, with 600 more being added every year. It ranks number 1 in venture capital investment per
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Keeping oneself motivated and constantly updated with new trends, thy name is entrepreneurship. And if there is one habit that helps startup founders stay inspired is reading. An avid reader myself, I scanned the bookshelves of many founders for a peek into what they were reading in 2019 that helped them
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Nigerian startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network. The renewable energy company builds and operates solar-powered micro-utilities that provide electricity to commercial community structures, such as open-air trading bazaars. Launched in 2016, the startup has shifted its operating strategy.
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Not many businesses prioritise cybersecurity, even as cyber attacks cost companies around US$200,000 (each) on average. One study by Accenture found that only 14 per cent of small businesses are ready to address cyber threats. Despite the low rate of cybersecurity preparedness among businesses at present, it’s worth noting that things
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On an estimation, there are 582 million entrepreneurs in the world. This count keeps increasing every day with the rapid growth of technology, trends, and inventions. While science is taking its steps towards 5G, Internet of Things, BlockChain, Artificial Intelligence, and Deep Learning, people are moving forward in entrepreneurship. In the
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It is common knowledge that 90 per cent of startups fail due to a range of reasons: misreading market demand, weak founding team, poor communication, wrong product, wrong time; and or running out of funding or personal money are a few of these. What do the 10 per cent of startups
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Access to funding and financial freedom are two of the most critical barriers that businesses fail to hurdle over, especially during their first few years in the market. When it comes time to expand, this hindrance can prove even more obstructive as lack of funding and investment in your business
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If you’re a fan of Shark Tank and Kevin O’Leary, you would have probably seen this video on CNBC. Also known as Mr Wonderful, O’Leary is a tough investor, persistent with a go-getter attitude that has gotten him global recognition as a trust-worthy entrepreneur. So it’s no surprise when O’Leary told
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