Examining The Social Roots Of Startup Failures


credit:

If you're a startup founder, it's likely you've seen the numbers: Only 1% of startups become "unicorns" like Uber, Airbnb, Slack, and Docker, and only 18% of first-time founders make it through their first year of operations, according to CB Insights.

So why do so many fail? It has to do with how many people you have in your social circles, writes Adam Clark Estes at Gizmodo.

"Our brains are evolution, and our ancestors lived in small groups," he writes.

"So they didn't need to communicate with hundreds of people and didn't get this skill."

In other words, you may have thousands of "friends" on Facebook, but how many of them do you really know? "But running a business implies communication with many more people," Estes writes.

If a company loses the competition, its rivals understand their clients better.

"We don't have a lot of 'brain slots' for business partners, customers, subordinates, and investors," Estes writes.

"And this biases our worldview to an extent.

Who needs your product, and why? Six years ago, I, like many other founders, focused on my product from the opposite perspective from which my customers were...

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Rest Backs Energy Transition in Latest Impact Investment

An Australian retirement savings fund has become the first in the world to invest in companies that have a "positive environmental impact"and it's doing so in a big way. Per the Guardian, the...more

Fund Puts $150M in Latest Impact Investment

One of Australia's biggest superannuation funds is taking a stand against climate change with a $150 million investment in green companies. The Australian Prudential Super Fundbetter known as...more

Tnfd: A Turning Point for Business Action on Biodiversity Loss?

"The race to biodiversity loss is even more crucial," one executive says. "Our planet, and our profits, hinge on it." That's the takeaway from the Wall Street Journal in a look at how some of...more

2023 Rolex Awards for Enterprise: Five Laureates Announced

Constantino Aucca Chutas is a Peruvian scientist who's created 16 protected areas in that country and around the world. He's also one of five recipients of the 2023 Rolex Awards for Enterprise,...more

Flexible Funding and Jewish Nonprofits: Meeting the Moment Calls for a Trust-Based Model

In the wake of the Santa Barbara shooting, the Los Angeles Times took a look at what's happening to the city's nonprofits. Here's what they're up to, their challenges, and what they're hoping for...more

Florida's Nonprofit State Association and Association of Grantmakers Elevate ...

Florida is home to more than 22,710 nonprofits with a combined revenue of more than $116 billion each yearabout 5% of the state's GDP, per a new report from the Florida Nonprofit Alliance and the...more

Financial Management for Nonprofit Program Directors Learning Lab

If you're in the nonprofit world and looking for some solid advice on how to manage your organization's finances, the National Post has just the course for you. It's called "Financial Management...more

Nonprofit Degree Forward Helps People Finish College Degrees

"There are no grades. There are no exams and you cannot fail." Those are the words of Danielle North, founder of Degree Forward, a Detroit nonprofit that has helped hundreds of people earn...more

10-Year, $10M Steelcase Foundation Research Project Centers on Mothers' Experience

The Steelcase Foundation is putting $10 million behind a 10-year project that will follow 30 black and Latina mothers in Michigan's Kent County. The Investment in Families Initiative will look at...more

Proposed Donor-Advised Fund Regulations

If new rules are put into place, it could be a lot harder for the rich to sock away money for retirement. The Wall Street Journal reports the Treasury Department has proposed new regulations that...more


The boon of social entrepreneurship serves as an inspiration to many to start their own businesses embedded with a social mission.  A list of social entrepreneur books will provide inspiration and motivation to follow one’s passions to embark on a social good business venture.




Human Services Jobs

  Social Work Jobs
  Substance Abuse Jobs
  Social Work Jobs
  Foundation Related Jobs
  Fundraising & Development Jobs


Federal Government Grant and Assistance Programs


| Public and Indian Housing | Public Awareness Campaigns on Embryo Adoption | Child Abuse and Neglect State Grants | State Planning and Establishment Grants for the Affordable Care Act (ACA) s Exchanges | Public Health and Social Services Emergency Fund | The Rural Development (RD) Multi-Family Housing Revitalization Demonstration Program (MPR) | Dixie Valley Water Export Study | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders