Thursday, August 29, 2013

The Startup Curve and How Not to Die

Paul Graham's famous startup curve maps the trials and tribulations that a startup can go through on the road to success.


Of course, not every startup ends up hockey sticking after the "Wiggles of False Hope". Most startups end up failing (90% of tech startups according to Allmand Law), but Paul also ended his "How Not to Die" essay with these words:
"So I'll tell you now: bad shit is coming. It always is in a startup. The odds of getting from launch to liquidity without some kind of disaster happening are one in a thousand. So don't get demoralized. When the disaster strikes, just say to yourself, ok, this was what Paul was talking about. What did he say to do? Oh, yeah. Don't give up."

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