For entrepreneurs with an idea, it’s never been easier to attract seed money and launch a business, reports the New Yorker.
Venture capitalists and crowdfunding put money into more than 1,700 tech startups in 2012—more than three times the number of investments made in 2009, says the New Yorker.
But getting a business to thrive hasn’t become any easier. Though more companies are being launched, more companies are failing too. Studies indicate that while entrepreneurs are generally as risk-averse as the rest of the population, they’re overconfident when it comes to their ability to make their business work.
Read more here.