A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

What is failure?

Is it having a startup/project/marriage go left instead of right?

How many times can a person fail?

Once/twice/several/more?

Failure in the startup world has essentially become a non-event, since that outcome is more likely than success.

According to research by Shikhar Ghosh, a senior lecturer in the entrepreneurial management unit at Harvard Business School, 30 to 40 percent of venture-backed start-ups blow through most or all of their investors’ money, and 70 to 80 percent do not deliver their projected return on investment.

However, I believe that you can only fail once.

That’s because the only failure I recognize is that of not trying again.

Also known as quitting.

Image credit: HikingArtist
Image credit: BK

This entry was posted on Friday, December 19th, 2014 at 1:15 am and is filed under If the Shoe Fits, Personal Growth. You can follow any responses to this entry through the RSS 2.0 feed.
Tags: entrepreneur, failure, startups
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