My series on failure continues with a recent article by James Surowiecki in the May 19 issue of The New Yorker, "Epic Failures of the Start-Up World."  Surowiecki's brief piece -- in which he references research showing that failure doesn't predict future success, it predicts future failure -- was picked up by Inc. magazine's Ilan Mochari.  In "Are You Celebrating Failure a Little Too Much?" Mochari points out that the research Surowiecki cites is based on VC-funded start-ups, which account for only 0.0005% (300 of 600,000) of new businesses.  Other researchers argue that the experience gained by failure among the 99.95 percent of business start-ups that aren't venture-funded can indeed be invaluable going forward. What do you think? Drop me a line.
 


Comments

08/31/2015 4:00am

Your take that failure predicates future failure is a good one. Yes, I agree that we sometimes take failure as a badge of honor. If you are really good, you should be wise enough to hedge only conservatively. That’s being taught in economics as well as other business courses. That’s why I listen intently because I want to win when I start my own venture soon.

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03/02/2016 11:21pm

That’s being taught in economics as well as other business courses.

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07/27/2016 3:28am

Start ups would fail more and more but this doesnt mean you shouldnt try

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06/22/2017 1:57pm

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