Only one in six high-tech companies that started in 2000 in Silicon Valley remained in business at the end of the decade, according to a report released Tuesday by the U.S. Bureau of Labor Statistics.
Read the full story here Web Link posted Thursday, October 13, 2011, 10:48 AM
Posted by Dot Com, a resident of the Cuesta Park neighborhood, on Oct 13, 2011 at 3:18 pm
I think that VCs spent FAR more than $35M in 2000. I've worked for more than one startup company where just our one company got more than $35M of VC money in one year.
Posted by Martin Omander, a resident of the Rex Manor neighborhood, on Oct 14, 2011 at 10:05 am
I think it should be $35 *billion*. See page 64 of the report: Web Link
Posted by Mr. T, a resident of the Cuesta Park neighborhood, on Oct 14, 2011 at 8:12 pm
Also the worst year to spin-off a high tech company, e.g. Agilent Technlogies.
A former employee.
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