The last point that should be made:
Even if you follow all of the above, there is a 90% probability you will still fail. Startup success is still largely dictated by luck.
Even if you follow all of the above, there is a 90% probability you will still fail. Startup success is still largely dictated by luck.
Chance favors the prepared mind.
So, to minimise the impact of luck, you'd need to hit home runs in every other aspect which is unlikely. If your idea is great, but the rest so-so, then luck might seem like a stronger factor, and that's the sort of situation most of us would be in.
After all, running a startup means taking risks, and risks are just another word for stuff that you don't have under control, and which is best described by probability.
More realistic would be 10 ventures where a couple bail, another couple just don't have a professional network, another has a great network but an ugly design or awkward name, and so on.
I disagree. Its not a zero-sum game. Many markets (although certainly not all) are large enough for more than one company to be wildly successful.