Monday, August 29, 2011
What Kills Startups? Blackbox Releases Report/App To Help Founders Avoid The Deadpool
It's not easy being green -- or an entrepreneur. The inherent risk in becoming an entrepreneur or founding a startup is high. Sleepless nights, sweat equity, bribing new users to come to your product -- it's all part of the nerve-racking, code-spinning, and teeth grinding process. That's why most of these swashbucklers are pirates by nature. But the truth of the matter is that few startups ever make it far enough to find the buried treasure or piggyback on Facebook all the way to glory; in fact, the cold, hard reality is that more than 90 percent of all startups fail. That's why four young international entrepreneurs (Bjoern Herrmann, Max Marmer, Fadi Bishara, Aleksandra Markova) created the so-called Startup Genome Report, because they wanted to a deep dive into what makes a startup successful -- and what causes so many to drink from the cup of FAIL.