Helping Start-Ups beat the Odds and Succeed

We’re used to thinking of start-ups as primarily high-tech innovation companies and geographically located in Silicon Valley, but that has changed. First, start-ups have gone global with Hubs popping up from Tel Aviv to Toronto and from Berlin to Shanghai. Also, start-ups are not just about tech, but about local businesses. Harvard research has shown that there are four shifts taking place with start-ups and VC: Expansion, Globalization, Urbanization, and a Winner-Take-All Pattern trend. But these are trends among VC and tech oriented businesses. There is another trend with more and more local entrepreneurs starting small businesses. But start-ups have challenges, with 50% of small businesses not even surviving the first 4 years and with VC backed businesses the success rate ranges only from 5-25%. But regardless of location or size, the principles for success remain the same. This episode talks about how to Increase success rate of start-ups.