352 karma · joined May 10, 2007
Generally, I get nervous in the consumer space, but I've made several consumer investments.
There are a couple spaces I'd like to do something in -- education, robots, anything kid-related (b/c I have two young boys).
And many of the cases studies are about companies that were struggling with problems and managed to improve. The e-book specifically (and Lean Analytics, the book) aren't about understanding why startups failed, they're about how to use analytics to minimize failure and iterate past it.
Driving a car is a risk.
I get it -- everything is a risk. Even more reason to start a company and give it a shot. You may get struck by lightning tomorrow.
I'm not such a "ra ra" kind of guy to say, "everyone should go start a company tomorrow, and you'll all win." But on the flip side for those people that want to take a shot - it's the time to do it. The "risks" that you think exist, around money and failure aren't really risks. Even "lost time" isn't in my mind a risk. Don't get caught (as I mention in another comment) running a zombie company though...
Sunk time is an issue. And I have also railed against what I describe as "zombie startups" that outlast their welcome or usefulness. I've been caught in those. And I lost a lot of time. There's a risk in knowing when NOT to quit...
The use of "no risk" is admittedly a bit over the top ... creative license if you will.
But the questions don't change drastically in other types of startup either. Maybe some of the financials do, but questions about founders, business fundamentals, metrics that are focused on, how employees are assessed, etc. remain true regardless of whether it's a funded startup, bootstrapped, revenue generating, profitable or otherwise.
And the unions.
Combine them and that's quite the powerful force. chuckle
So silly but sad at the same time...
His message, "You will doubt yourself. But don't give up."
I wasn't as eloquent or elaborate, but still a similar message. The intention wasn't to linkbait anyone with a misleading headline.
Why do you ask?