“As with startups, biotech companies have high failure rates: 90% of clinical programs fail to receive FDA approval, while 92% of biotech companies are unprofitable at any given time.” | learn more
In 2018 this startup raised $1 billion at inception. It caused Steve Blank to ask Is the lean startup dead? Then we saw the fat startup’s launch teaser in January of this year. Here, the story ends, as “the first high-profile casualty of […]
Check it out for entertaining quotes from some of the most popular tech names in Chicago. But also remember that to the Financial Times, Chicago and Wichita are basically the same place: “The article has been amended since publication to […]
“When the Siren call of mass retail beckons from its rocky shores, avoid them like the plague. They mean you no harm, and their words can arouse dreams of great riches and bragging rights; but sail too close to them […]
“Side hustles can grow and evolve, but to work they need to have a few traits. They need to: Solve a problem someone is already aware of, NOT require a lot of maintenance or hand-holding, Have a no-brainer path to […]
An excellent commentary on the overlap among D2C brands. “Why do disruptive startups slavishly follow an identikit formula of business model, look and feel, and tone of voice? Because it works, sort of.” Fun coincidence: the author Ben Schott wrote […]
“Being impatient is the best way to get faster at things. And across a surprising number of domains, being really fast correlates strongly with being effective.” | learn more
“With valuations of as-a-service companies and all-time highs or close to it, and more and more startups leveraging this model to serve an ever-larger number of consumers, I wondered how much more business is there to capture? Let’s try to […]
This is basically cliff’s notes for venture capital. “Venture Patterns catalogs the best of what other startups and venture capitalists have figured out. Don’t reinvent the wheel. Since there are recurring patterns in how to build and run startups and […]
“Tech exec, VCs, and analysts—from WhatsApp’s Will Cathcart to AOL cofounder Steve Case—on the pandemic’s lasting impact on how we live, work, and think.” Pay close attention and you’ll see how everyone’s views are colored by their businesses. One example: […]