"Success on an Idea Alone? Rarely Happens." Why Many 20- and 30-Somethings Fail Early

○ [News Story] Turning Inconveniences Into Opportunities: Niche Startups Breaking Through the Recession (June 29, 2026)

The path of entrepreneurship is not always smooth. Startups entering their third year often face the so-called "Death Valley," a critical crossroads between survival and failure. In reality, it is more difficult for young entrepreneurs to survive for three to five years after launching their businesses compared to other age groups. For young founders who lack capital and experience, entrepreneurship is becoming an increasingly difficult challenge to sustain.

Experts say that the era of succeeding solely on an idea has passed. What matters is a thorough verification of sustainability. Ultimately, for youth entrepreneurship to be more than just a one-off challenge, there must be an institutional foundation that supports not only initial startup assistance but also the entire growth process.

Reported by Jung Jun-hyung | Written by Kim Da-yeon | Video by Choi Jun-sik | Produced by SBS Digital News
※ Please note: This article was translated by AI and may contain errors.