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I think their model carries a lot of weight, but its not the only way. Besides, show me 1 successful business and I will be able to show you 9 that failed (if
by fendale 18y ago
I think their model carries a lot of weight, but its not the only way.
Besides, show me 1 successful business and I will be able to show you 9 that failed (if the 1 in 10 success statistic is correct) - most businesses will fail, not matter which way you do it.
- cstejerean 18y agoWhile 1 in 10 might be correct across all startups, I'm pretty sure that of the companies aspiring to be the next Google or Facebook the failure rate is far higher than 1 in 10. Otherwise all it would take is about 10 tries and statistically you would have a pretty good chance of being a multi billionaire.
- pg 18y agoWhen Google and Facebook got started, they weren't trying to be the next Google or Facebook.
- cstejerean 18y agoCan you make a really big poster with that phrase for next year's startup school?
- bigbang 18y agowell we dont know that. Google and FB fended off acquistion offers earlier, so they believed they have big potential in store.
- fendale 18y agoYea that would be correct I reckon - the more adventurous you try to be, the bigger the reward, but also the less chance of getting any reward.