Survivorship bias.
One person unicorns don't generally exit in the same way, this whole article was about the problems trying to raise for small one person companies.
One person unicorns don't generally exit in the same way, this whole article was about the problems trying to raise for small one person companies.
It's like Harvard grads. Yes, they're a very high calibre and more successful on average, but a lot (not all) of that is selection instead of creation.
Bootstrapped, small, one person companies are still startups, where the odds of success are less than 10%, while venture-backed startups is 20%-30%. [0][1] What non-survivors are excluded from these cohorts?
[0] https://www.wsj.com/articles/SB10000872396390443720204578004... [1] https://www.embroker.com/blog/startup-statistics/
The only ones that survive to success are "normal startups" which are not actually normal at all for most businesses around the world.
> Many small businesses start up every month but the failure rate is high. As of 2019, startup failure rates are around 90%. 21.5% of startups fail in the first year, 30% in the second year, 50% in the fifth year, and 70% in their 10th year. [0]
Small bootstrapped companies can still exist and succeed against these odds (several are cited in the article), but to make the claim that these odds don’t apply to bootstrapped startups is foolish wishful thinking.
[0] https://www.investopedia.com/articles/personal-finance/04091...