How I fucked up my startup — life lessons from failing and imploding
Shival Gupta
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If the Wall Street Journal article I read a few years ago was correct, most startups fail, whether they are high tech, low tech, or no tech. I have been involved as a participant, witness, or coroner with a couple of dozen of the high-tech sort. All but a very few failed in one way or another. They usually do not fail for a reason; there may be any number of reasons. But the most powerful influence on a startup is luck, for example, the not terribly talented Gates or Zuckerberg being in the right place at the right time. The reasons this fact is not more widely recognized are twofold: first, we don’t want to believe it; and second, high tech is drenched in hype. The fact is, the gods have to smile on your brilliant idea. This should not be a cause to get discouraged, however. You can make a good living failing with brilliant ideas, and have a good time as well. It is true that winding up with 80 billion is unlikely, but you may find you can do without it after all. And as long as you’re still breathing, there’s always tomorrow.

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