With the increasing portrayal of startups in the mainstream media from Social Network to Silicon Valley tv series, getting into startup is probably the coolest things to do nowadays. The possibility of a billion dollar valuation plus the extravagant job perks , whats not to like ?.
However, beneath its shiny promises, startup had 90 percent failure rates. Highly successful startups such as Facebook, Twitter, AirBnB are the exception not the rule. In fact, startup who achieve that kind of success were called unicorns because of the near-fictional occurrence. With that kind of rate, failure in startups is expected rather than something to be shameful of.
In this edition of RR, i recommend several articles where founders shared lesson-learned from fail startups which are commonly known as postmortems. Straight from the mind of battle-scarred founders, postmortem served as both knowledge and reality check for everyone who wants to start their own ventures. Continue reading “Recommended Readings #9 – Postmortems”