#PhilosoFounder: Startup SUCCESS STORIES (~1%?) tend to be loud/public — reaching (directly or indirectly) MILLIONS of people! But:
Entrepreneur STRUGGLES & FAILURES (~99%?) tend to be quiet/private — shared with very small circles of close confidants (5? 10? 20?)
So (of course!) there is an incredibly skewed perception of just how many entrepreneurs and startups are struggling and failing (~99%?) compared to the success stories (~1%?)…
While you might hear (or speculate) the reasons for failure by any 1, 2, or 5 individual entrepreneurs/startups, the reality is that, on a macro-level, almost NOBODY is hearing the real/full stories of a large enough percentage of the failures to be able to extrapolate anything even close to enough statistically relevant data to look for patterns and trends (among the ~99% failures) without just guessing at causation vs. correlation and/or how well your 1, 2, or 5 examples represent the rest of the ~99%.
I’ll continue this at some point — and try to clean-up some of the confusing parts…