This post is all about the only thing that matters for a new startup. But first, some theory: If you look at a broad cross-section of startups -- say, 30 or 40 or more; enough to screen out the pure flukes and look for patterns -- two obvious facts will jump out at you. First obvious fact: there is an incredibly wide divergence of success -- some of those startups are insanely successful...
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When I heard a friend make the statement “Your startup can’t fail if you don’t quit,” I realized that every entrepreneur should adopt it as their mantra. Pivoting or dealing a new hand is not quitting. If we all take this mantra, we can drastically improve the statistic that over half of new startups fail within five years. Nothing is more discouraging to future entrepreneurs than a failed startu
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Why do most new businesses fail, yet a few entrepreneurs have a habit of winning over and over again? The shocking discovery of years of research and trial is that most startups fail by doing the “right things,” but doing them out of order. In other words, human nature combined with our entrepreneurial drive puts us on autopilot to become part of the 70% to 90% of ventures that fail.
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A struggling startup is painful and exhausting. It can drive an entrepreneur bonkers wondering where it went wrong. Cofounders of a failed startup even go through a grieving process. For all you entrepreneurs who have endured the rough ride of a failed startup (myself included), we would like to help accelerate the journey through the five stages of grief and get you back on the Silicon Valley ho
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I loved talking to the skankiest prostitutes at three in the morning with a camera crew around me, fires burning in the street, sad, abused people clinging to scraps of life for their pleasures, bailed out prisoners and the drug dealers waiting for them to be released, homeless addicts with nowhere to go and they only weren’t freaks if you saw them at three in the morning .
So, after 6 months of stay in beautiful Santiago, my stay has come to an end and now is time to set sail and move on to unexplored waters. I’ll keep this post brief and focus on the two things that, in my point of view, make the program not as successful as it could (should) be.
You may still splat yourself on the ground even after all this. There'll always be risk. The parachute is by no means guaranteed to open, and despite all these steps you will still probably make some really basic and avoidable mistakes (though if you have built a good and honest relationship with a more experienced startup founder by now, you might avoid most of them).
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f you can handle all of the above and still retain health and sanity then you are probably ready to start a business. Uri Geller could bend spoons, melt tanks, and be friends with both Daredevil and Michael Jackson. But he probably doesn’t have the magic powers you have. And he never will.
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Americans are stalking Australian dot-com start-ups, writes Asher Moses. Australian technology entrepreneurs are partying like it's 1999. The boom times are back except this time, industry players say, tech start-ups have real business models behind them and are earning real money to justify their ballooning valuations.
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Stock options have a positive effect on firm performance when they are granted to executives, but giving options to lower ranking employees seems to have no effect on the bottom line according to a new study co-authored by Stanford Business School Professor Ron Kasznik.
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