Often startups keep running for venture funding and scrap their plans for lack of funding. But, truth to be told, as in this article , less than 10% of startups receive any kind of funding. Which means only 1 out of 10. So what happens to the rest 9 out of 10. Do they die ? Not necessarily.
Getting a funding does not mean that your business will succeed and similarly, not getting a fund does not mean that you are doomed to fail. A lot of successful entrepreneurs have started their business and made them running using their own personal finances. Its often a very good idea to look for external funding only when you have a stable product built, and its ready to be sold/marketed.
But, how many of us do have that amount of time and money to experiment. Believing in an idea and sacrificing for it holds good only for some time. After that, you run out of patience and also money. Not to mention friends who tend to drift apart.
But I think those who can get through this period of trying, and keep similar-minded friends close are the ones who succeed. And then when you are successful in doing whatever you started with, say building a product, making it sell-able, money will follow you.
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