;#Faculty News;# | HBS Working Knowledge | 07
Why Companies Fail--and How Their Founders Can Bounce Back
by Shikhar Ghosh
The statistics are disheartening no matter how an entrepreneur defines failure. If failure means liquidating all assets, with investors losing most or all the money they put into the company, then the failure rate for start-ups is 30 to 40 percent, according to Shikhar Ghosh, a senior lecturer at Harvard Business School who has held top executive positions at some eight technology-based start-ups.