Why do startups fail?

Startups is not about only getting right founders, right mentors and right incubators to scale up, but it is more about a research on arriving at a business model for an idea. The business model needs to be a paying one or impactful.

We find multiple startups imitating and the clones too get successful somewhere only because the investors prefer investing in safe bets.

No one risks an innovation till it is proven. This leads to innovation moved back to government funded initiatives or individuals who are seriously committed to innovations and give grants.

Almost startups globally fail as any thing in excess becomes a waste. How many startups can we have in mobility space or e-commerce or wallet or anything for matter. The unique differentiator is missing

What should be an ideal cost of experimentation?

Create a market base through need and subsequently just have 1 feature MVP (Minimum viable product feature) and push it in market.. If it succeeds, you add more modules.

Startups fail because of too much focus on either technology or marketing and the right balance is missed out.. Apart from that for strange reasons mentors/advisors are paid /not paid at all.. or even in board, may get may be 0.5% etc, so it is not a lucrative proposition for them.. So next time another startup gets into a graveyard, it is not because an entrepreneur failed, it is because the market validation was inadequate and the competency skills to scale it up needed more attention.

 

 

Knight Syndrome

Alice is a nice girl but has been emotionally fooled so many times that she has begun calling herself as ‘Emotional Fool’. She is in  Germany pursuing her research on Entrepreneurship

Same holds true for Fred who is from US and has been emotionally fooled for at least 5 times and calls himself as ‘Emotional Entrepreneur’.

It so happens that in one of the summer

Dean ‘Welcome to the workshop on Entrepreneurship.. We greet Mr. Fred an investor who has seen ups and downs however few of his successful exits help him sustain and be motivated enough to invest more…. Give him a big clap’

Fred ‘All of you are in your final years of research and how many of you wish to be an entrepreneur’

To Fred’s surprise no one raises hands..

Fred laughs ‘So it looks like the scholars will only wish to study the trends and take up lecturing jobs.. No one wishes to dare’

All remain silent

Fred ‘Ok.. let us move to an interesting topic’

Fred ‘Knight Syndrome.. and its impact on entrepreneurship and human relationships’

All suddenly get attentive

Fred ‘How many have got emotionally fooled in this life time?’

All silent..

Fred see’s a reluctant half hand lifted

Fred ‘Who is it?’

Alice “Am Alice.. friends just keep asking me to help them’

Fred ‘Is it your friends who ask to help you or is it you who volunteers to help your friends’

Alice ponders.. and realizes her ex boy friend would always reach out to so many of her friends to help them.. and then the jealousy and possessiveness took over and she lost him.. and he too was a confused soul

Fred ‘Alice.. where are you lost’

Alice ‘I volunteer’

Fred ‘This is the most common problem of entrepreneurs and investors.. If they get emotionally attached to each other; both are heading to disaster’

Alice begins smiling..

Fred ‘Oh your smile is so sweet.. Give her a big clap’

Alice is surprised by this reaction but in heart enjoys the attention…

Fred ‘Entrepreneurs need to be detached to emotions and be focused on their product or service and be focused only on their singular family and that is balancing personal life and professional life.. How many of you agree?’

Fred see’s a few hands raised..

Fred ‘Wow.. interesting.. so all do not mind getting attached to a few colleagues , friend’s of theirs?’

Fred see’s lots of hand raised..

Alice’s hand too raised..

Fred ‘Alice.. on one side you say you have been fooled emotionally and on other side.. you do not mind again getting attached… ?’

A student Mike gets up ‘Sir.. we are not entrepreneurs.. we are researchers’

All beginning giggling..

Fred ‘Do be careful on Knight Syndrome where a boy or a girl get into habit of being Save our Soul operators for the opposite sex’

Fred ends his session with a big clap and giggles and laughter

After the session ends..

Alice walks to Fred

Alice ‘Sir.. Amazing… this is precisely what i feel am having.. Did you experience this syndrome self?’

Fred pauses and thinks ‘His last girl friend had asked him to transfer 100000US$ as her husband was not doing too well and she had to also visit her home town in China with her kids’

Alice ‘Sir.. you lost?’

Fred ‘I guess so.. I too am a victim of that syndrome’

Alice ‘Sir.. can we be friends?’

Fred ofcourse..

Alice ‘What is your skype id?’

Fred gives his skype ID..

3 days later

Mike ‘Hey see Alice.. am surprised… she is sitting with Fred and having dinner.. We just happened to get to this restaurant as many good looking girls visit this spot.. and’

Mike and his friends begin laughing..

Mike ‘Knight Syndrome at work’

All roar in laughter..

Killer Money

Mani is an ace entrepreneur who is believed to be a man with golden touch. Excellent exits.. Life is going well till one day…

Mani rings his door bell..

No one opens up…

Mani again tries to ring the bell.. and even call his wife Jenny.. but no response..

Mani gets restless… He decides to open the door with a help and he is shocked…

His wife Jenny is talking to herself… and has gone a bit disorganized… She continuously keeps telling ‘Killer Mani.. Killer Mani’

He calls up psychologist Greg.. for help after going through google search..

Greg comes to his home..

Greg ‘Mani.. how it all happened so suddenly’

Mani ‘Not sure.. Everything was perfectly well till yesterday’

Greg gives an injection to Jenny and she falls asleep

Greg ‘Mani.. do you pay attention at home?’

Mani ‘Yes.. of course I love my wife’

Greg ‘Do you have kids?’

Mani ‘Not sure.. doctor mentioned me and my wife to undergo tests but we have not had time to go. It is 8th year of marriage life’

Greg ‘Did she undergo test?’

Mani ‘May be not sure’

Greg ‘I got the problem’

Mani ‘What is it?’

Greg remains silent..

Next morning

Greg returns to Mani’s home..

Greg ‘Jenny how are you feeling?’

Jenny ‘Alright.. but am feeling low’

Greg ‘Can we interact?’

Jenny ‘Not in mood’

Night time again Mani rushes and calls Greg

Mani ‘She is again in same mode.. Killer Mani’

Greg visits Mani’s house

Greg ‘Jenny.. am killing Mani as he has killed you’

Jenny ‘yes.. every time.. exit, acquisitions, take over , mergers.. mani.. more mani.. more mani.. so much self occupied with himself’

Greg ‘Is it Mani or Money?’

Jenny begins laughing to self..

Jenny ‘No difference..  Money made Mani.. Mani made Money.. but Jenny got killed’

Greg looks at Mani..

Greg ‘Mani.. she needs love and attention.. please be with her.. no harm to take sabbatical.. motivate her.. and be with her..  what is the use of all money if family gets neglected’

Mani ‘I understand…’

2 days latter

Mani and Jenny are in Airport.. waiting to board Switzerland flight..

Mani just goes for Loo and on return.. he finds Jenny missing..

He panics as the boarding is announced..

He frantically tries to call Jenny…

and finds phone ringing close by..

On reaching to the phone.. he finds a letter

“Jenny is gone.. gone for ever.. Killer Money.. thanks for all materials.. but i wished to have babies.. wished to be a normal mother.. i tested self too and found to be perfectly normal.. so.. I just played a drama to test you.. to see how you react.. I knew doctor medicines would not have killed me.. so tolerated those disorder medicines.. I found your email having some meeting also in Switzerland for some acquisitions.. keep acquiring.. am gone.

Next time if you go overboard.. stop by.. your new girl friend may just misuse you..’

Have already walked out of your life forever.. please do not try to search me.. or even think of me’

Eye Balls

Albert conceived a unique product.. “Eye balls’ The lense had a micro micro chip which would capture each and every visible entity which an eye could see and at end of day, it could be downloaded in computer..

The VCs were happy with this technology innovation but wanted to check if this really works..

Soon Albert put the lenses in one of the co founder’s eyes..

After 30 minutes Albert uploads the data in computer and they find their own photo, their discussions everything available.. and they begin laughing when they see a girl’s photo too who is sending flying kisses. They see this too often

VC Manuel ‘Who is this girl?’

Albert sheepishly ‘Lisa, my girl friend’

Manuel ‘Am sure this product will catch more eye balls if we put this 30 minute clip in youtube as it has Lisa’s love for you in it’

ENTREPRENEURSHIP THEORIES – Part 1

I got lost in so many theories of entrepreneurship that I forgot for a second if I am an entrepreneur or an investor or an academician or researcher or student.

Isn’t it only MASLOWS’ LAW which governs the need of investors, entrepreneurs, academicians, philanthropy focused individuals

Physiological  –   Small Businesses

Safety             –   Corporates and Angel Investors and Employees working in Companies

Social              –   NGOs and Social Capital Forums

Esteem            –  Venture Capitalists and Serial Entrepreneurs

Self realization –  Philanthropy

 

Where do entrepreneurs fit it?  Somewhere a layer between physiological and safety  or safety and social.