Chart of the Week: Why do so many hardware startups fail?

Surely it isn't just because their capital needs spiral as they scale...

Interesting hot take this week from CB Insights…

For any startup, the path toward success is brutally difficult.

We’ve tracked a tech startup’s chances of success after raising an initial seed round, including both hardware and software companies. Only 46% of them will succeed in raising even just one additional round of funding.

We also found that 70% of …