The odds of survival for a new venture improve if
A) there is an economic downturn.
B) there is novelty.
C) it is small.
D) it grows to at least 10 or 20 people.
E) it has revenues of $1 million.

Question

Quizplus · Accepted Answer

A new venture's odds of survival improve if it grows to at least 10 or 20 people. This is because a larger team can bring more diverse skills and perspectives, improve efficiency, and provide more resources to support growth. Economic downturns typically make it harder for new ventures to survive. Novelty alone does not guarantee survival, and having revenues of $1 million may indicate success, but does not necessarily guarantee long-term survival. Being small can also have its advantages, but is not the only factor that affects the odds of survival.

The Odds of Survival for a New Venture Improve If