I saw this on Mashable.com but the original source was AllmandLaw.com
I’m always astonished by the articles that discuss startup failures. There are many definitions, but in the tech community. If you’re not fully funded or have overwhelming user acquisition momentum within the 1st 12 months, you probably fall in the FAILED category. This one doesn’t attempt to cover the whole 90% statistic, but looks at a few side by side cases. Worth looking at.