Failed high-tech bank files for Chapter 11 bankruptcy
It had a seven-year run before calling it quits.
For every ambitious new business idea that comes into the world and finds enough footing to achieve success, there are hundreds of others that are never able to achieve their lofty goals.
People love to bat the numbers back and forth, but here's a real stat you can actually cite: The Bureau of Labor Statistics says that 20% of small businesses will fail within the first year.
