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This is a good read, particularly for HN. As naturally optimistic people, we all believe that the "9 out of 10 startups fail" statistics apply to everyone else.
by casca 15y ago
This is a good read, particularly for HN. As naturally optimistic people, we all believe that the "9 out of 10 startups fail" statistics apply to everyone else. This is a good read as perhaps it reminds us that 9 out of 10 means us, not just those other silly people with their terrible ideas and poor commercialization strategies. These companies all had super-smart people, worked really hard, were funded and had as much chance of succeeding as the rest of us plugging away.
- martincmartin 15y agoI wonder whether it's really 9 out of 10, or higher, or lower. I suppose it depends how you define "fail," maybe something like "made less money for the liquidity event than I would have working for an established firm all those years." So the answer could be very different for founders than for employee 1 or employee 25.