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I had the same reaction initially, basically thinking 'good riddance', but then stopped for a second and realized they are talking about tech, not start-ups. I

I had the same reaction initially, basically thinking 'good riddance', but then stopped for a second and realized they are talking about tech, not start-ups. I have a lot (too many, more than I ever thought I'd have) friends who are MBAs, and their is a place for them in larger technology companies, they just shouldn't be involved in developing breakthrough products. They are taught to manage big business and eke efficiency out of large systems, start-ups don't fit that mould.

3beard 12y ago
Don't forget that only ~1% of startups develop breakthrough products, because only ~1% of startups break through.
- qwtel 12y ago
  Not sure if you are just trolling, but I'm pretty convinced that ~100% of startups are developing 'breakthrough' products. For various reasons only ~1% turn out to be very successful at it. From an after-the-fact standpoint it's easy to point at the losers and say all kinds of nasty things about them. But since you can't reliably pick the winners of tomorrow, nor can the losers reliably pick themselves (they are usually both at different times) any sentiment towards failed startups being a waste is really just a misconception.
  - brianbreslin 12y ago
    5 minutes of browsing on producthunt should change your opinion that 100% of startups are developing breakthrough products.
    - pzxc 12y ago
      Maybe it'd be more precise to say 100% of startups believe they're developing breakthrough products?