We consider a stochastic model for species evolution. A new species is born at rate λ and a species dies at rate μ. A random number, sampled from a given distribution F , is associated with each new species and assumed as its fitness, at the time of birth. Every time there is a death event, the species that is killed is the one with the smallest fitness. We consider the (random) survival time of a species with a given fitness f . We show that the survival time distribution depends crucially on whether f < f c , f = f c or f > f c where f c is a critical fitness that is computed explicitly.