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864

Why Startups Die

Startups die due to a variety of causes. Over the course of the last three years, I've watched many of my friends pour their hearts and souls into companies that, for one reason or another, just fizzled out of existence. In 2007, Paul Graham gave a variety of causes for…

865

Startup = Growth

September 2012 A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. Nor is it necessary for a startup to work on technology, or take venture funding, or have some sort of "exit." The only essential thing is growth. Everything else we associate with startups…

867

Black Swan Farming

September 2012 I've done several types of work over the years but I don't know another as counterintuitive as startup investing. The two most important things to understand about startup investing, as a business, are (1) that effectively all the returns are concentrated in a few big winners, and (2) that the best…