Failure, he says, provides great lessons for success. That’s when I became determined to do everything in my power to get to the bottom of this question of why start-ups fail,” he says. A great concept, he says, is necessary but not sufficient for start-up success while many VC think that a talented jockey is more important than a fast horse. Bad bedfellows: Start-up success is thought to rest largely on the founder’s talents and instincts. Help wanted: Rapidly scaling start-ups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both.

Source: The Irish Times April 01, 2021 03:52 UTC