Most startups fail, yet most stories in newspapers, magazines, blogs, and movies are about startup successes. You learn more from failure than successes. This series explains what makes for startup success, what causes startup failures and looks at dozens of real companies to see what went wrong and what went right.
Investing in startups is risk. How risky?
Advice from a very experienced Angel investor.
Analyzing hundreds of startups uncovers some patterns of success, and other patterns of common failures.
Enough of the examples too big and famous for Angels, let’s look at real startups of the scale that Angels could have invested in.
Lessons learned from the first seven fledglings, then more real world examples.
It’s not failures all the way down. Three of the early fledglings are successes.
Now back to learning from failures, as there is more to learn from failure than success.
Often the big success is the company the crowd thinks is the most likely to fail.
It can take years to know the fate of a startup. Some are operating but whether they are successes or failures is yet to be determined.
Finally, we end on a high note, with 27 succeeding companies in Africa.