DailyDirt: Start-up Pitches And Strikeouts...

from the urls-you-dig-up dept

Mon, Apr 25th 2011 5:00pm — Michael Ho

Most new businesses fail within a few short years. It's just a fact. Yet optimism abounds, and entrepreneurs are always ready to start over with a new venture. Circumstances are usually just a fraction of the game (20% if you really need a made-up statistic), the rest of the outcome is based on how people react to various changes in the economy. Here are some interesting links for anyone with a startup idea.

Presenting a startup to investors seems to have a fairly well-set routine. It only takes about 6 slides. [url]
Marc Hedlund wrote up a nice autopsy on how Wesabe lost out to Mint.com. An interesting viewpoint on the head-to-head competition between two similar startups -- one that exited with an acquisition by Intuit, and one that ended by closing up shop. [url]
ChubbyBrain has gathered up a list of several other startup post-mortems. These are not sob stories; they're mostly lesson-learned conclusions from a variety of entrepreneurs. [url]
To discover more interesting business-related stuff, check out what's currently floating around the StumbleUpon universe. [url]

By the way, StumbleUpon can recommend some good Techdirt articles, too.

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Filed Under: startups
Companies: chubbybrain, intuit, mint, wesabe

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james moylan, 29 May 2011 @ 2:28pm

about small business failing
I have a web site where I give advise on penny stocks and stocks under five dollars. I have many years of experience with these type of stocks. I would like to comment about the start up of a new business and the high failure rate. I believe that one of the biggest mistakes that individuals starting a business can make is not trying to find ways of saving money. Saving money on rent advertising labor. Thinking up creative ways of conducting your business or promoting it that cost far less than most of the conventional ways of doing business can greatly increase your odds of succeeding. When small business owners inially begin their business adventure running out of captial or money is very often the biggest reason that many of these businesses fail after of course lack of knowledge about the business they are starting. Another thing to consider is starting a business that does not require a large start up cost. If you can find a business that requires little money to start up and if it fails then you will not have lost a very large amount of money' and remember their are lots of businesses out their that started out with just hundreds of dollars not thousands.
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