Funding Mentor Statistics Writing 
Startup Professionals Musings
JULY 9, 2021
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Disciplining yourself to write down the plan is actually the best way to make sure you actually understand it yourself. Pitch your company, not your product.
Startup Professionals Musings
AUGUST 25, 2023
Based on my own experience as a mentor and angel investor, I find that as many as ninety percent of startups fail in the first five years, despite their best efforts. By far, the majority of new businesses I know are self-funding (bootstrapped) from your own savings and prior assets.
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Startup Professionals Musings
MAY 18, 2014
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Disciplining yourself to write down the plan is actually the best way to make sure you actually understand it yourself. Pitch your company, not your product.
Startup Professionals Musings
JULY 15, 2015
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Disciplining yourself to write down the plan is actually the best way to make sure you actually understand it yourself. Pitch your company, not your product.
Startup Professionals Musings
JANUARY 20, 2018
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Disciplining yourself to write down the plan is actually the best way to make sure you actually understand it yourself. Pitch your company, not your product.
Startup Professionals Musings
NOVEMBER 11, 2013
Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Statistics show that the failure rate for new startups within the first 5 years is higher than 50 percent. In reality, investors fund people, not ideas. That’s not bad, but who wants to be average?
Startup Professionals Musings
OCTOBER 1, 2012
Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Statistics show that the failure rate for new startups within the first 5 years is as high as 50 percent. In reality, investors fund people, not ideas. That’s not bad, but who wants to be average? Inexperienced team.
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