Chapter
The Struggle to Keep Startups Alive
26:12 - 29:45 (03:32)
Startup companies are frequently threatened by a lack of funding, competitors, and changing market conditions, making it difficult to succeed. Investing in many startups can result in a significant amount of time being spent on those that ultimately fail.
Clips
Most of our time as venture capitalists is spent on handling failure and trying to understand what went wrong whereas the time spent on successful companies is significantly less.
26:12 - 26:58 (00:45)
Summary
Most of our time as venture capitalists is spent on handling failure and trying to understand what went wrong whereas the time spent on successful companies is significantly less.
ChapterThe Struggle to Keep Startups Alive
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Scaling a successful business requires several steps beyond just having a great product or service.
26:58 - 27:33 (00:34)
Summary
Scaling a successful business requires several steps beyond just having a great product or service. It involves hiring the right people, watching out for competitors, building infrastructure, and avoiding potential pitfalls.
ChapterThe Struggle to Keep Startups Alive
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The role of a founder or leader is to reassure their team that there is a plan in place, particularly when facing challenges such as lack of funding or strong competitors.
27:33 - 29:45 (02:12)
Summary
The role of a founder or leader is to reassure their team that there is a plan in place, particularly when facing challenges such as lack of funding or strong competitors. The founder must lead the team towards success by following the plan.