On: Don't Fall Asleep at the Wheel: Successful Entrepreneurs Have Lives

[reissbaker]

According to this[1] Bloomberg article, failure rate is roughly 60%. Failure rate is defined as changing ownership within three years of founding.

Pretty low failure rate, compared to a startup.

[1] http://www.businessweek.com/stories/2007-04-16/the-restauran...

[mgummelt → reissbaker]

Funny that ownership change is usually considered a startup success.