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by blagie
1060 days ago
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It also depends on how one defines "fail." A majority of startup I know* are "living dead." This means: - There are 1-20 employees - Big-O, investors have seen no returns - Big-O, they're cash-flow neutral and growth/decline neutral A VC defines that as a "fail." Founders are often very happy running a small business in their domain of passion. It's a lot more fun than a big business. * Yes, that's a very strong sample bias. I don't mean to imply a statistical sample, and explaining the types of startups I typically interact with would be an off-topic essay. |
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