This may be topic related but not thread title specific but hope this article helps in crystallizing your thoughts further.
1- SMALL BUSINESS nice article from Wall Street journal...
The Venture Capital Secret: 3 Out of 4 Start-Ups Fail
2- standard success rate is approx. 10% for most VCs in the valley,.however this article says its 25%..Could be even 1 % depends on data set and whether all failures are captured.For every 1 Facebook that succeeds there are approx. 9 that VCs loose their investment.They are upfront aware of this it's a business model and are well prepared to tolerate risk..
3- How to increase success rate and lessons learnt is restricted IP , unless one is in this real business, done it, lived it and has struggled through lessons learnt. it's not about arm chair reading or star gazing...or lecturing on entrepreneurship / start ups....one has to pay the bills and survive too ....just my opinion and observation.
4- Being a real entrepreneur is not easy and one needs ideas, grit, guts and talent knowing well you will fail and go through several iterations. It's about a unique mindset , having speed, patience and tolerance capacity. Failures lead to success and sometimes even no monetary success with these ventures ...but the entire process has chills and thrills too and all can't stomach it ..the chills.
5- Copying ideas from the west already tried out or someone else locally in India is called entrepreneurship too. May be a different shade of it and dealing with all aspects including regulations and tax credits etc. could throw in many wrenches into the success equation.
Best regards,
Patrick de
On Tuesday, August 5, 2014, Dr.Subrata Chattopadhyay
-- <subrata1chattopadhyay@gmail.com> wrote:
Dear Prof. Datta,
With your
kind permission just thought to think aloud with the group. Would be
grateful if the learned members throw some light upon it.:
99 % of the entrepreneurial journeys are failures; 1% succeeds
........it needs to be scaled up to 20% for gaining industry
balance....So that 80% of the people can work in 20% of the
ventures....a modified version of Pareto's principle that I thought of
--
Warm Regards,
Dr. Subrata Chattopadhyay
M.Sc Physics(C.U),PGDCA,MBA,PhD- Management Studies
(ISM,Dhanbad),Certified Management Teacher-MTC Global
Associate Professor & Head-Corporate Relations, Future Institute Of
Engineering and Management,Team Future, www.teamfuture.in
Mob: 09836107275/09830632572
Dir:033-24348230
Fax:033-24345641
--
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