Turnbull's Innovation Statement announcement: Startups need the right tools for success. 02/10/2015 Startups are promising to be a major part of the new Australian economy. The mining boom has seen its better days and our country is ready to now leverage the knowledge economy. However, at least 25% of all startups fail within the first year. This number rises to 36% in year two, 44% in year three and 50% in year four.* The amount of money and sweat equity a startup founder puts in to their own business in the first year can be substantial. By year four, there are often angel investors and
Startups are promising to be a major part of the new Australian economy. The mining boom has seen its better days and our country is ready to now leverage the knowledge economy. However, at least 25% of all startups fail within the first year. This number rises to 36% in year two, 44% in year three and 50% in year four.* The amount of money and sweat equity a startup founder puts in to their own business in the first year can be substantial. By year four, there are often angel investors and
