MY Insight

The Dark Side of Startups 

In celebrating the successes of startups, let's make sure we don't ignore some harsh realities

Dávila, Antonio

Date: Fourth Quarter 2016

Tags: startup, wealth creation, job creation, creative destruction, Facebook

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Behind all the rosy proclamations about startups lies a less-talked-about reality: many fail after only a few years, and those that do survive often stay small or continue to struggle. The jobs they do create may, in effect, be offsetting the jobs being lost at other startups. Startups may not be the almighty "wealth creators" they are cracked up to be.

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