Thoughts on startups by investors that
fund them & entrepreneurs that run them

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Would You Be Able To Deal With A Startup Failure?

If your first startup fails, you are about average. Most entrepreneurs fail on at least one attempt. Investors agree that an entrepreneur who has never failed probably hasn’t pushed the limits. What investors look for is not that you never fail, but that you learn from the failure, maintain a positive attitude, and work with integrity on the next one.

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Investors Seek Out Entrepreneurs With Resilience

If you haven’t had a failure, you aren’t pushing the limits. If you are really an entrepreneur, you are a risk taker and less cautious by nature, so failures should be expected. Wear you startup failure as a badge of courage. Don’t go after failure, but embrace it when it does happen and grow from it.

People who are afraid

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Big Obvious Failure is Better Than Long Slow Lack of Success

Steve Blank has a good post today called Failure and Redemption, which he introduces with this:

We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. So here’s mine.

Steve’s experience was Rocket Science Games, which raised $35 million and a cover story in Wired Magazine before failing. He writes about

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What is it like to lose all of your investors’ money?

I’ve been on both sides of this event, and believe me, it is not fun. But it is, unfortunately, a virtually inextricable part of the entrepreneurial life, and what matters most (at least in the US, where entrepreneurship—and even valiant failure—is celebrated rather than reviled) is how you deal with it.

I am one of the more upbeat, positive-thinking people

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