Last decade has seen an explosion of wannabe startups. Everyone in the ecosystem is identifying opportunities to piggyback on this euphoria. Nations are framing policies to nurture the entrepreneurship ecosystem. Corporates are creating venture funds to invest in startups. Many renowned media houses are establishing dedicated startup communication channels. To top it all, there are startups covering news of startups and are thriving.
In this burgeoning market of wannabe stars, you must have wondered- how many startups are there in the world? Do all succeed equally, and if not, what are the reasons for their failures? To answer this question, we created the following infographic. We have used data from gem consortium, world bank, CIA Fact book and other freely available resources.
Here are some of the terminologies used in the start-up ecosystem: