For a new venture, what improves the odds of survival?

Growing to at least 10 or 20 people is significant for a new venture's survival because this milestone typically indicates that the business has moved beyond the preliminary startup phase and has begun to establish itself in the market. A larger workforce can enhance a company's capabilities, distributing responsibilities among employees, which can contribute to operational efficiency. This growth often reflects increasing customer demand and can lead to higher revenue, allowing the business to reinvest in itself and improve its offerings.

Additionally, a team of this size allows for diversification of skills and perspectives, which can foster innovation and adaptability within the organization. It implies a certain level of stability and can build confidence with stakeholders, investors, and customers. In contrast, while aspects like a substantial marketing budget, advanced technology, or even international expansion can be beneficial, they do not guarantee sustainability without the foundational support that a solid team provides. Without a stable structure in place, even well-funded ventures can struggle to survive in the long term.