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.
8 Comments
8/30/2015 09:00:52 pm
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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1/27/2016 10:55:52 pm
Culture proceeds from educational and family values.
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3/2/2016 03:21:20 pm
That’s being taught in economics as well as other business courses.
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7/26/2016 08:28:22 pm
Start ups would fail more and more but this doesnt mean you shouldnt try
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8/3/2016 07:53:07 am
I’ve joined your rss feed and look forward to in quest of more of your great post.
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8/4/2016 04:52:23 pm
Gmail is available across all your devices Android, iOS, and desktop devices. Sort, collaborate or call a friend without leaving your inbox.
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8/22/2016 09:01:58 pm
In this SEMrush review I'm going to show you step-by-step how to use the tool to dissect your online competition and model their success
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8/26/2016 07:26:23 pm
Hello me and my friend who works in childcaresales.com.au as business advisor, From my experience as a business mentor, this as one of those great times when anybody that is not kidding about beginning another business ought to wander in. Numerous organizations began in financial subsidence have higher affinity of survival for some reasons extending from less rivalry, shabby work, and more bolster accessible for new companies.
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AuthorTheresa Reid, PhD, Principal Archives
November 2014
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