Friday, November 30, 2012

Why Startups Fail

I was asked to be the keynote speaker at last week’s Creative Media Days Fail Conference in Ghent, Belgium after writing Why Startups Fail: And How Yours Can Succeed.

The goal of the conference was to discuss why startups fail and how they can succeed. The conference was part of a series of tech and media events sponsored by major media companies and governments in Europe.

Some eight of ten new businesses fail in the first three years. So knowing the difference between a big market and a good market and what makes a product truly great is critical. I first wrote about this theme in 2008. Brad Feld, Dave McClure and others weighed in on the highly controversial post.

As a serial entrepreneur and advisor, I’ve seen first-hand what makes some ventures succeed and others go sideways or fail. Here’s the video from the conference. The Why Startups Fail slides are available on SlideShare.

In this talk I also share a bit about my experience training for and doing an Ironman and the similarities and differences in doing a startup.