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TL;DR of this article: Startups fail for three very different reasons: - The founder is not playing a big enough game, does not have enough conviction, is not
by stephanerangaya 13y ago
TL;DR of this article:
Startups fail for three very different reasons:
- The founder is not playing a big enough game, does not have enough conviction, is not confident enough in how BIG his idea is, and is not aggressive enough in execution, ends up quitting too early because he doesn’t have enough money to pay rent and groceries. Needs a Sean Parker.
- The founder does not understand how to do company building and fundraising. Needs a Matt Cohler.
- There is a capital markets problem (opportunity!) and there is not enough risk capital available.