About 20% of Tech Startups Worth More Than $1 Billion Will Fail, Accel Says

There are more than 1,000 technology unicorns, meaning venture-backed companies worth $1 billion or more, but at least 1 in 5 are likely to fail, said Rich Wong, a partner at venture capital firm Accel Partners.

“I think maybe out of that thousand, 20% fully die. The end,” Wong said Thursday at the Bloomberg Tech conference in San Francisco.