Technology startups: high failure rate worries some investors
More than 60 percent of startups fail and 70 percent fail in the first year of operation. Rapid-fire good news has come to the Vietnamese technology startup community. US President Obama, during his visit to Vietnam in late May, announced that 500 Startups, the investment fund based in Silicon Valley, plans to provide $10 million in capital to about 100-150 Vietnamese startups. The good news came amid the strong start-up movement in Vietnam which has caught attention from foreign investors. There are about 40 investment funds with the investment capital of $50 million for each operation in Vietnam.
