Re:My Startup Failed, But It's OK
by MicahWedemeyer on Sunday January 29, 2012 @06:59AM
(#3525077)
I really hate this cliche when applied to startups. Here's how I see it:
The night is darkest just before the dawn...or before it somehow gets even darker.
We read a lot of "I stuck it out 1 more day and then we got rich" stories but it's the same survivor bias that we see in all the startup stories. I would wager that for every 5 companies that "just don't give up", 4 of them eventually give up. But, the 4 that give up don't write self-congratulatory blog posts and give interviews about their failure. So, we only hear about the 1, never about the 4.
The night is darkest just before the dawn...or before it somehow gets even darker.
We read a lot of "I stuck it out 1 more day and then we got rich" stories but it's the same survivor bias that we see in all the startup stories. I would wager that for every 5 companies that "just don't give up", 4 of them eventually give up. But, the 4 that give up don't write self-congratulatory blog posts and give interviews about their failure. So, we only hear about the 1, never about the 4.