Why are you (co)founding or joining a startup, why bother? Plenty of research shows that 90% of funded startups fail. Funded, which is much less than those attempted (300million attempts globally, annually). And past success has a subsequent success ratio of practically zero (3%). What do you know, have, believe that all those others don't. TC700
Because people aren't happy being peons fulfilling their managers managers managers managers managers goals. They want something more from life, and have a desire to build that.
That makes sense, and it takes a strong person and team to dare, given all the metrics of failure. Something is missing between strength and success, and no one seems to know what it is nor how to repeat it.
Because startups are super fun and you learn a ton. If you happen to make some money in the process that is just icing on the cake.
I agree. But 300million people really just wanna have a go at it and sink their life savings into learning? Why not micro invest and learn less risky?
Not sure what that means or how it would be related. Startups are fun and great learning opportunities. You don't use your own money to start a business lol; the only "risk" is opportunity cost of your time but if you trade your time for money you shouldn't be working in a startup to begin with. No idea what 300million means here?
Where the hell does 300M come from? That's obviously BS. Theres only 7B on the planet FFS
https://revenuesandprofits.com/understanding-the-world-of-startups/
That does not sound realistic to me. It essentially is claiming that every entrepreneur on the planet is launching a business every year for their whole career. Doesnt pass the sniff test
Because some succeed. And some do something fantastic that changes how things get done. It's just a personality thing. Neither is better: being one of many in a corporate machine making iterative small improvements, or one of few in a start-up doing something radical. It's just different and matches who we are.
Disagree, startups are absolutely better.
Because statistics are irrelevant to the individual. You need an overwhelming belief that you are going to succeed. You clearly dont have that so don't start a startup.
Worked out really well for Elizabeth Holmes. “I think the minute you have a backup plan, you’ve admitted you’re not going to succeed.” #inspiring #mentaltoughness #startuphustle
She's a sociopath but she isnt wrong.
i think it’s better you just don’t do it then. if you have that mindset you will never succeed
10% is a lot better than the acceptance rate at many medical schools, people should probably stop trying to be doctors too
The best you could do with that analogy would be that only 10% of accepted students successfully became doctors. If that were true, would you spend several years and tens of thousands of dollars to try?
People do spend several years and tens of thousands of dollars to try, it's called undergrad
Yeah well, what if the startup succeeds and becomes the next Uber, FB, or Amazon? Then what? You’re filthy fucking rich and have changed the world
OP, you should look at Spearstone.partners We're a startup that takes the combination of leadership, product discovery, and operational excellence seriously and help startups have their best possible first year. We can help you know if you, your team, your idea, and timing is right to launch a business. If it is aligned, or alignable, we have the practices to make it happen.
If you guys know so much about startups you would know that having the right people is 90% of the challenge and yet you dont list your names or bios on your website. -Sustainable & Repeatable Success Yet you dont have cases bragging about them on your website These guys take are worse than most consultants because most consultants know what they do is BS for people with a lot of money to spend. These guys are packaging their BS as helpful and charging early stage founder who have no money.
It's amazing how much BS that you're making up, and glad that you have such a passion about it. Is there a chance that a group of people actually want to make a difference? Actually want to help people be the best possible versions of themselves? We're working at that, and bragging is BS that we're not interested in.
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it’s not just a random roll of dice. it matters what your ideas are and if you are the type of person to execute them.
Data suggests that it is random though. Even one success doesn't beget new success, it seems. Ideas are cheap vanities. Execution being all that matters is a fallacy that results in achieving failure more than 89% of the time. What's missing?
What data suggests that it's random?