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"Lyrics" 10001, Snuggle Edition, Sticker for
“Lyrics” 10001, Snuggle Edition, Sticker for
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HD 1080P Home Theatre LED Projector 30000Hours
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Steve Blank: On Start-Ups & Failure
There are entire toolsets on how to manage technology risks. Tons. But there are almost no tools, to manage customer and market risks.
Well, think about this:
You're an entrepreneur.
I have a great idea.
Good! Let's go build it!
Oh good, let's go raise money!
Oh, let's go sell it!
You know what the next step is?
Oh, we're out of business.
Because most of us grew up reading these wonderful stories about all the people who made a ton of money at Google. And Facebook. And other companies that like, these are great examples. Do you ever notice they don't bring in the people who we didn't hear about? How about bringing the people in who said, "You know, I cratered my last seven companies, and let me tell you why."
Any idea what the ratio is between the Googles and Facebooks and the other start-ups? You know how many companies fail in Silicon Valley? Anyone want to guess? You know what the ratio is?
Over 1000:1.