In the United States, 25 percent of startups fail in the first year, and 75 percent of venture-backed start-ups fail at some point. Those are startling percentages, and ones that can be alarming and disheartening for both aspiring entrepreneurs and those who invest in startups. However, there is an opportunity to lower that statistic while simultaneously fostering an environment that ensures entrepreneurs are prepared to succeed from day one – regardless of where they are located: in the plains of the heartland or in Silicon Valley.
As a co-founder of an early-stage venture capital firm, Unshackled Ventures, I see pitches daily from bright minds wishing to change the world. While it is inspiring to know there are people trying to solve real-world problems with innovative technology, that does not always correlate to a successful business venture, particularly in the high-stakes venture capital and startup world. We see founders who have the appropriate academic or trade backgrounds to solve the problem which inspires the startup. However, they do not necessarily have the right business experience, networks or access, which increases the likelihood that the startup will be one of the 25 percent that fails in its first year.
Join us and senior business leaders to learn how to expand to the heartland, to lower costs and boost profits — and help America too. Come to BLUEPRINT in Reno on Sept 11-13, and get your 40%-off Early Bird ticket by August 18!
Right now, successful first-time entrepreneurs are hard to find. Most often, someone may have a good idea and energy to execute, but that person may not be ready immediately for the startup world. If we look at the world of sports and professional athletes, the greats, from Steph Curry to Venus Williams to Tom Brady, are naturally gifted. But these athletes have been trained and coached to develop their potential from an early age. Entrepreneurs, on the other hand, are usually given no developmental help or coaching during critical times. We would…