Sep
3
Robbie's MIT Musings Blog: Ed Roberts, Author, Entrepreneur, Professor - MIT Sloan
- SBA says 80-90% of companies fail within 18 months, but their data showed only 16% failed after 5-7 years
- Successful founders’ characteristics:
» Made, not born (found no birth characteristics that predict success)
» Solo entrepreneurs seldom succeed, 2 are more likely to succeed, 3 are even more likely, 4 are even more likely, and 5 are even more likely (don’t have enough data after 5) - Have a hypothesis that the more startups you found, the more successful they become
