daily articles for founders

Impatience kills startups, but patience kills human beings  

Chris Yeh, entrepreneur, angel investor and blogger, makes the point:

People tend to view startups these days as overnight successes. Nothing could be further from the truth. Most successful startups had a long gestation period during which an impatient person would have concluded that they were going nowhere.

Of course, on the reverse of this coin, some startups are just flawed and need to be shut down. When these startups finally perish, the people behind them are free to move to new endeavours. This is not good for the startups that perish, but it is good for the entrepreneurs that get, perhaps, a better shot at the next idea, and it is good for everyone else, since these people will often move on to another extraordinary product.

A business can wait around 40 years before it finally picks up. Can a human being?

More from the library:
How to generate startup ideas
Investment as a cushion or a springboard
Positioning and differentiation
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