hurdle

How my company failed in only three months (and still was a success)

Earlier this year, I started a new business venture with a partner. We were going to solve a major problem, travel costs for small and medium-sized companies. After investing three months of our time and about $2,000, we decided to stop actively pursuing the opportunity. The reason? Several of our core assumptions turned out to be wrong.

oops-failure

Kickstarter dodges responsibility for failed projects

What happens if a crowdsourced project fails? Do contributors get their money back?
In an NPR interview, Kickstarter co-founder Yancey Strickler seems to suggest that has never happened … that failed projects which are unable to deliver promised goods are “a bridge that has not yet been crossed.”

Closing business

Is your startup failing? Here’s how to exit gracefully

Not every startup succeeds. Most persistent entrepreneurs eventually find themselves with a business that is failing or going nowhere. There’s lots of advice about starting a new business and navigating a great exit. People don’t like to talk about less successful endings. But pulling off a safe landing is at least as tricky as taking off. Even if you have to land hard and crunch the landing gear, you can still avoid hurting the passengers and crew.

How to make your startup succeed where others have failed

Gene Yoon has been a founder, startup executive, venture capitalist and lawyer over the last decade in Silicon Valley. His current startup, Bynamite, is attempting an idea that many have failed at before.  He submitted this story to VentureBeat.

Want to succeed? Try failing

Silicon Valley celebrates its successes, but the failure rate is generally much, much higher. But what makes the Valley different than other entrepreneur-rich areas is how it deals with those failures. Randy Komisar of Kleiner Perkins, in this entrepreneur though leader lecture given at Stanford University, says that only a company that can deal with failure and still make money has any chance of succeeding. The talk’s an old one – from 2004 – but the themes still resonate today.