The Perks of Being a Founder
Every now and then we like to focus on the founders’ journey, and we’ve included this graphic for comic relief. The process is not an easy one. In fact, there’s no shortage of lists that go into the top reasons as to why startups fail. May be time to flip the focus: when the authors of this CNBC article interviewed 18 Harvard startup founders, they found that “Here’s the No. 1 trait that made them successful.”
Resilience.
It’s a well-known fact that 20% of startups fail within their first year, no matter how carefully the founder/team plans. ‘Uncontrollables’ always crop up and derail the best laid plans, and this includes acts of God. Example: we know of a founder who launched an app that allowed users to make us of any gym, any time, anywhere in the world. It was an immediate hit – with no freemium version available – so much so, they didn’t even need investment money. Fantastic!