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Sex & Startups

medium.com

90% of startups fail

Paul Graham argues that explosive growth is the only measure of success. “Making it” means one of two things: go public or sell. But a startup has about as much chance of making it as a single sperm has of fertilizing an egg.

90% of startups fail. The majority die ...

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“The tyranny of the quantifiable” describes the current ethos of venture financing.

In such a system, what can be measured almost always takes precedence over what cannot: private profit over public good; speed and efficiency over enjoyment and quality.

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Outside of bootstrapping, or relying on wealthy friends or family, or having connections to the limited network of mission-driven angel investors, there’s a dearth of options for tech companies seeking financing: It’s venture capital or bust.

In an alternative version of t...

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