![]() Under such circumstances there are no similar paths or patterns that a startup can follow to achieve some sort of predictable success. The 90/10 rule says that out of ten startups, at most only one has a chance of success. In this world, a lot depends on the competences of the founder and fate. Does it already guarantee that they will deliver the results and the solutions as promised? Not at all. The status of being a tech company that has received funding ensures publicity and increases the chances of accessing subsequent investment rounds. But in most cases, the support they receive comes in the form of a one-time cash injection and ruthless enforcement of promised results. Occasionally it happens, like in a fairy tale, that they receive a magical gift in the form of uninterrupted support from their king. At the same time, they allow themselves to be shackled and agree to carry a heaven burden. They give away pieces of something that they believe in and have built with their own blood sweat and tears. They might be drinking champagne today, but tomorrow they should be crying. But the founder gave away 20% of the company's value for a measly million. ![]() If the founder creates a game-changing technology company, it could be worth $100 million in five years. Let's look at it from a founder’s perspective: media interest is piqued by the fact that they’ve given up shares of their company for money. Journalists love to write about startups that get funded The king gives a treasure chest full of gold on the promise that you will create a new world for him. The king does not promise half of his kingdom after the mission has been completed. The relationship between investors and founders is no fairy tale, although fantasy does play a large role. Investigative journalists, if you can still call them that, only uncover the truth for the highest bidders. Any problems – if they exist – are effectively camouflaged. PR teams working for startups and VCs are effective in fanning the flames. A VC is like a good king that gives away half his kingdom on a promise. They make heroes out of founders and they turn the growth of companies into a sideshow. It does not store any personal data.The Media spins fairy tales about the world of startups. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". ![]() This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. ![]() The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. ![]()
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