Despite high hopes and big-name investors, many start-ups fall short of the IPO or acquisition finish line and eventually die.
To learn a little bit more about start-up mortality, CB Insights, a venture capital and angel investment database, examined tech companies that died between 2010 and 2013 and published the results in a new report.
CB Insights noted that start-up death is very hard to identify.
"Many startups are essentially dead but limp along for years in zombie-like fashion. So although on life support, these walking dead startups are not included in this analysis since they're not officially deceased," according to the report.