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What are the odds of your startup’s success?

Berkonomics

Starting a company is HARD – in so many ways. Let’s start with a restaurant -not our thing. But… I read several years ago that the average startup restaurant lasts only about a year. Restaurant startups would not top my list. And this includes all businesses, not just startups. And risky too. And the U.S.

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Startups: What are your odds for success?

Berkonomics

Starting a company is HARD – in so many ways. I read several years ago, that the average startup restaurant lasts only about a year. Restaurant startups would not top my list. Census Bureau reports that 400,000 new businesses are started every year in the USA, but 470,000 are dying. And risky too. And, the U.S.

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I Buy Dead Magazines (the art of the intro …)

Both Sides of the Table

It starts in a crowded room at a conference or networking event. I’ve written about the “elevator” pitch before. I buy dead magazines.” I buy dead magazines. We think that the magazine industry is going through incredible change but that the Internet website experience doesn’t yet fulfill our magazine needs.

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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? Nobody cared about our valuations any more.

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Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

This is part of my ongoing series called “ Start-up Lessons.&#. I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I paid up for the diploma but can’t say that I saw better results.

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9 Popular Startup Business Model Variations For Scale

Startup Professionals Musings

In fact, subscription pricing has been around for a long time for magazines, cloud-based software, and gaming, but now I’m seeing it used for just about anything, including for more stylish clothes via Taelor Style , gourmet foods via TryTheWorld , and toys for your kids via KiwiCo. Private club model. Surprise box model.

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Why Acceptance of Failure is Critical to Startup Success

Both Sides of the Table

I talk about failure a lot because I think it can be tremendously instructive and I think that success without failure often masks underlying lessons. I even prefer to fund entrepreneurs who have experience some level of set-backs in their careers or startups because I think it brings a humility to decision-making that I find healthy.

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