The Startup Failure Boom, And What To Do When It Happens To You
People are pouring into startups at a rate we’ve never seen. Literally, never–not even during dotcom mania, at least if Stanford’s MBA program is a good barometer. Per a Fortune report, the 2011 class sent 16% of grads to start their own companies, a full third higher than the late-’90s peak, and more than three times greater than the early ’90s averages. And we should probably assume that the 2012 numbers will be higher yet.
The reasons for this are well documented: It’s never been easier to start a company, lots of traditional careers (banking, consulting) have been tarnished, and Instagram sold for a billion bucks to a certain online yearbook website.