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Startup Communities and Startup Failure

Started by Benjamin Yoskovitz · 3 months ago

I’ve got two critically important articles to point your attention to today - on startup communities and startup failure.

Jevon MacDonald talks about how startups can save venture capital (in Canada). He includes a great presentation that he’s given in a few places a ... Continue reading »

13 comments

  • Olli

    4 months ago

    Thank you for pointing to these two articles.
    reply
  • Heidi

    4 months ago

    After reading this review I had to post my comments. I totally agree with this and would love to participate in any events or meetings that help entrepreneurs swap ideas and help each other avoid major mistakes. I am an entrepreneur with an early stage company and I have been successfully bootstrapping the company todate. I believe in some cases venture capital is needed at some point in the company's history but from the get go I think its premature unless it can be justified. Remember the old school way was to build your company from scratch with nothing more than loans and grants. Many successfully accomplished this.
    reply
  • Mehdi Akiki

    4 months ago

    I hope to see this happen in the next events here in Montreal. The next tech entrepreneur breakfast should be a good place to start this debate. I am ready to share my own failures as well. As well as how I want to do to improve my own outcome.
    reply
  • Karl Goldfield

    4 months ago

    Some great insight. We should as communities bond together and share the good, and the not so good. It is usually from understanding of the not so good that the best emerges.

    Edison and the light bulb, many know this story is the best way of looking at it.
    reply
  • Don Maes

    4 months ago

    We have not only learned so much from others who have given of their time and experience in online communities, it is equally important to remember to try and give back as well. Giving spreads giving, that how small business survive!
    reply
  • bhicks

    4 months ago

    So what happens to the money they raised and do the investors loose?
    reply
  • Ben Yoskovitz

    3 months ago

    @bhicks: Investors typically lose. Of course it depends on the deal structure; there may be some residual value that investors get through the IP, asset ownership, etc. but that's still a failure.
    reply
  • Rick

    3 months ago

    Ben, it's true that probably 90% of the companies investors invest in fail, but the 10% that succeed, investors reap incredible benefits. That's the whole foundation behind venture capital; when a company succeeds, venture capitalists can make hundreds of times their investment back, which covers their failed ventures and more.
    reply
  • Harvey

    3 months ago

    Thanks for pointing out these two articles, the were very helpful.
    reply
  • Sid Savara

    3 months ago

    Thanks for pointing these out. I especially love reading post mortems - it's easy to say what you did right when you're a success, but I think we all learn more from reading about critical mistakes made by others.
    reply
  • Mister Gibson

    3 months ago

    I'm afraid that i wouldn't have the nerve to invest a heap load of money on something that is so uncertain, i wouldn't be able to sleep at night, some people in life thrive on the risk taking, not for me i'm afraid, regards, mick..
    reply
  • acarrothers

    3 months ago

    Thank you for the link to the Roger Ehrenberg article. I enjoyed reading about his mistakes and will hopefully learn not to repat them in my own ventures.
    reply
  • Oyun indir

    1 month ago

    I especially love reading post mortems - it's easy to say what you did right when you're a success
    reply

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