As a startup founder, you might be familiar with the phrase “fail fast, fail often”. It’s a mantra that’s been embraced by many in the tech industry, and for good reason. Failure is a natural part of the innovation process, and many successful companies have experienced failure along the way. However, as important as it is to embrace failure, it’s …
How does Groupon make money?
Assuming we are talking about the original business model, not Groupon Goods, the short lived Groupon Now and whatever else they have been attempting to do with Breadcrumb etc, it’s more complicated than what people have hitherto posted, but it’s also genius. Most deals don’t make money – the big ones do very well Firstly most of the money comes …
How are tech-savvy people able to found billion dollar companies when they have little business experience?
Tl;dr: They are smarter than you and I You are assuming that being technical is linked to business proficiency and startup competency, as well as the ability to LEARN. And that what you learn as a ‘business person’ is actually useful. Hm. Not all learnings are created equal, neither are environments. Great ideas come from either a: Technical insight, or …
What is the most common reason for co-founders of start-ups to have a falling out?
Typically, it comes between ego and ambition. Let’s run through some reasons: Jealousy. There is one CEO. They get the lime light being quoted in articles. Some others can’t deal with it Work ethic. Some people just have work priorities and work harder. Others should work for the government Ambition. Some want to build huge stuff, others actually want a …
Why do 80% of businesses fail and is failing purely by bad luck, or can it be avoided?
Startup is hard dude. Whatever the stats. Arguing about the small stuff is pointless. Couple of reasons startups fail are: Founder blow-ups Wrong founding team -> bozo explosion Too small market Wrong timing Messed up CAC vs LTV (How much you make vs acquisition cost) Lack of focus Doing the wrong thing Running out of runway Here is what Forbes …