There was a lot of talk about German attitude to failure and almost whimsical debate on whether failure is a good thing.
Anyway here are my takeaways:
- according to research entrepreneurs on average succeed on their fifth venture (!!!)
- startups tend to fail for these three reasons:
- poor marketing
- poor team
- running out of cash
- get and check references for investors (one of the panellists had a galling story of how she was conned into leaving a company and joining a new VC funded by someone who turned out to be a fraud)
- get a good lawyer on your side, early on.
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