> An often cited statistic (presumably from the Small Business Administration) is that 90% of businesses fail within the first 12-18 months. ... Fortunately, the stat is a load of crap.
He talks about how the average outcome of widely differing situations isn't useful. The average entrepreneur has less than a high school diploma. If you've graduated highschool than the 90% failure rate already doesn't apply to you.
That's a bit like George Burns's famous saying, "If you live to the age of a hundred you have made it because very few people die past the age of a hundred."
