90% of startups don’t succeed in the long run
90% of startups don’t succeed in the long run.
10% go out of business in the first year.
So, why don’t we talk about it more often?
Address the elephant in the room.
We mostly hear about the ones who made it.
Less frequently about those who are struggling.
I know why:
We don’t want to experience someone else’s misery.
We have enough troubles in our own lives.
Processing a stranger’s sadness requires more emotional energy.
So, who would want that?
BUT.
I think we are missing a big opportunity.
There is so much to learn from “failures”.
You hear stories about achieving the American dream.
What about the ones who failed in the pursuit of it?
- Who have worked endless hours
- Who have spent sleepless nights
- Who have put themselves on the line
Yet, still lost money.
Still failed to create a profitable business.
“Failure” is much more common than “success”.
My company was part of the more common case.
I want to help people see beyond “success”.
Understand and extract value from “failure”.
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