Universal recipes for startup success are impossible: once good ideas are widely adopted, founders converge on the same moves, erasing any competitive moats
Startup pundits sold us a failed science of entrepreneurship. The Red Queen offers something better.
The great @ganeumann on the cargo cult science of entrepreneurship. If The Lean Startup or The Four Steps to the Epiphany worked, it would show up in the statistics. “Instead, there has been 0 systematic progress over the past 30 yrs in making startups more likely to survive.”
@colossusmag “If you do what everyone else does, you get what everyone else gets. The Red Queen hypothesis is the closest thing entrepreneurship has to a foundational law.” [image]
Superb from @ganeumann As an oft-times coach to founders, though, this reality hasn't always been helpful for business The socialised mind craves the answer, playbook, 5 step process that will remove uncertainty. It takes an even braver entrepreneur to break free [image]
This chart has been bothering me for a while. Why, with all the new methods we have to build startups, have failure rates stayed the same? So I wrote about it [image]
Despite the proliferation of startup pundits over the last 25 years, no one knows how to make startups more successful. The New Pundits have sold millions of books, and their entrepreneurship “science” is taught in universities and accelerators all over the world. But none of it