70% of startups will fail: Kris Gopalakrishnan
Infosys Co-founder Kris Gopalakrishnan recently said that almost 70% of startups globally will fail and only 5-10% will become large and scale up. Kris added, "This should not, however, be treated as a concern or a challenge, but it is a part of natural process of evolution." He also said that Flipkart and Snapdeal "have made a mark".