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Venture Capitalists Are Looking for Failures

Women on Business

Did you know failure is one of the biggest indicators of future success in an entrepreneur? Let me first state that there are two types of failures, the first are those that do nothing and fail, the second are those that take a risk and end up failing. In other words, they are looking for… failures!

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When “Scratch Your Own Itch” Is Dangerous Advice for Entrepreneurs

Harvard Business Review

It lies behind successful product companies like Apple, Dropbox, and Kickstarter, but it can also lead entrepreneurs predictably to failure. This approach to entrepreneurship increases your market knowledge: as a potential user, you know the problem, how you’re currently trying to solve it, and what dimensions of performance matter.

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Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies. We’re now entering a new era of innovation , one that the model doesn’t quite fit, and we will have to develop new approaches to build the future.

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Entrepreneurship: A Working Definition

Harvard Business Review

Entrepreneurs often perceive a short window of opportunity. Consequently, entrepreneurs have a sense of urgency that is seldom seen in established companies, where any opportunity is part of a portfolio and resources are more readily available. Financing risk relates to whether external capital will be available on reasonable terms.

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Building a Minimum Viable Product? You're Probably Doing it Wrong

Harvard Business Review

In creating a minimum viable product , entrepreneurs choose between experiments that can validate or invalidate their assumptions about a business model. But most businesses fail because our assumptions about customer demand are wrong — because of market risk. Test market risk first.

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Building a Minimum Viable Product? You’re Probably Doing it Wrong

Harvard Business Review

In creating a minimum viable product , entrepreneurs choose between experiments that can validate or invalidate their assumptions about a business model. But most businesses fail because our assumptions about customer demand are wrong — because of market risk. Test market risk first.