And may you not trust me on this. Pick 5–10 failed startups from the recent past, and look for patterns yourself. Alternatively, take those Unicorn companies and write top 3 to 5 unique qualities in each of those that the founders or news articles claim to have been their beginnings (You can take for granted that doing the opposite of these in your early stages is counter-productive). Compare your list to what I have mentioned in this post, to cry “Eureka!”.
Let us get this right — MNCs have deep pockets to hide, cover-up and survive their mistakes. And the whole point of a start-up is to be innovative in not just the idea, but throughout its execution.
Let us not fool ourselves to imitate the shine of an MNC, rather work towards improving the intrinsic value of what we are worth.
And truth be said — there sure are startups that has hit pomp and fair, celebrating investments from the who-is-who of the investment world in spite of inheriting some of the above mentioned points.
I see two reasons for it:
Please do not hesitate to share your valuable opinion that is based on your experience, as comments to this post. I enjoy conversations that enrich my knowledge and experience.
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