Right About Wrong

My little stream of consciousness write ups that I threw together about the companies presenting at Startup Riot sure did result in a few comments and personal emails.  Here's the deal.  I have seen thousands of startups since I entered the tech world.  Literally.  And after a while you start developing a bit of a rapid cognition sense. 

And here's the real deal.  Four of the six early stage technology companies that I have invested in have provided positive returns (two are still in play).  So when it gets to be real serious check writing time I am doing something right (while perhaps being too conservative).  With that said, I have been wrong more often than I care to admit about startups that I thought for sure would be a success not making it very far.  But I have never ever seen a startup that I thought was troubled from the beginning be a success without making a major pivot to address a core issue with their business.

So I am not very often wrong about something being wrong.  There are lots of people like me in the world.  If they "don't get it" as an entrepreneur you have either not appropriately communicated what you are doing or have a flaw in your business that you need to correct.

Figure out which one and fix it.

February 22, 2010  |  Comments  |  Tweet  |  Posted in Entrepreneurship, Startups