I see this more in the case of a business is not failing, but it's only slowly growing. I've met quite a few entrepreneurs who keep their business slowly growing for the 5 or so years perhaps move from them to a couple of employees and then around year 5/6/7 go into hyper growth and have 20 employees by year end. I think this happens particularity in business that has a personal element to do business. It takes time to get credibility, reputation and hone your business pitch.
I've heard conflicting advice on this topic.
I'm currently of the opinion that you should fail fast. Does it really take six to ten years to determine if your startup failed?
From my understanding if you've survived to year 6 and you're not delusional about your potential as a company, then you've already made it.