The Future of Entrepreneurship: Why Will Startups Keep Failing?

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 27 October 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Buzz 1: “What do you need to start a business? Three simple things: know your product better than anyone, know your customer, and have a burning desire to succeed.” (Dave Thomas, Wendy’s founder) The Buzz 2: “The best startups generally come from somebody needing to scratch an itch.” (Michael Arrington, TechCrunch founder and co-editor) The Buzz 3: “Don’t let others convince you that the idea is good when your gut tells you it’s bad.” (Kevin Rose, Digg co-founder) The Buzz 4: “Ignore the hype of the startups that you see in the press. Mostly, it’s a pack of lies. Half of these startups will be dead in a year. So, focus on building your business so you can be the one left standing.” (Jules Pieri, The Grommet co-founder and CEO) We’ll ask entrepreneurship experts Don DeLoach at Rocket Wagon Venture Studios, Professor Robert N. Eberhart at Stanford University’s Graduate School of Business, Jim Gagnard at Industrial IoT Studio, and Bob Mazer at Smart City Works for their insights on The Future of Entrepreneurship: Why Will Startups Keep Failing?

Transcript

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0:00.0	Where does yesterday's future, which is already here, ready here, really here, meet today's future, which is about to happen, and tomorrow's future, which could be just minutes away?
0:16.2	Welcome to Technology Revolution, the future of now.
0:21.4	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven
0:27.3	trends that are shaping our future right now.
0:30.8	Here's your host who will take us into the future of now, Bonnie D. Graham.
0:36.2	Welcome, welcome, welcome, welcome. Wow, we got a hot topic for you today. Have you got an
0:41.5	idea, a product, a scheme, a theme, something you want to foist on the world, and you think you're
0:46.3	going to make the splash, the next shiny object. We have a lot of interesting insights for you
0:52.2	about entrepreneurship. What do you need to do to get it out
0:55.7	there and be successful? Great if you keep those ideas coming, but maybe you'll learn something
1:00.4	about the pitfalls that could get in the way of your success of whatever you are planning to do.
1:05.9	I have four very interesting guests today, but first let me give you a little overview of our topic.
1:10.7	You know, I always start with a buzz quote.
1:12.3	And by the way, panelists, wave hello to LinkedIn.
1:14.7	We're live on LinkedIn.
1:15.7	Go ahead, Robert, Bob, Jim, Don, everybody wave hello and Facebook.
1:19.2	There we go, LinkedIn and Facebook.
1:20.7	So here's buzz number one, a quote from Dave Thomas, the founder of Wendy's.
1:24.1	You've probably had a Wendy's burger at some point in your life.
1:32.8	Dave Thomas wrote, what do you need to start a business? Three simple things. Know your product better than anyone. It's a good start. Know your customer, okay, and have a burning desire to succeed.
1:40.7	That's the quote. We used to call that the fire in the belly. Quote number two,
1:44.4	buzz number two is from Michael Arrington, the founder and co-editor of TechCrunch. You may use
	...

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