A Deeper Look At Blackbox’s Data On Startup Failure And Its Top Cause: Premature Scaling [Infographic] Earlier this week, we covered Blackbox, the young company responsible for creating The Startup Genome Report, an ongoing, collaborative R&D project designed to take a comprehensive dive into what makes Silicon Valley startups successful — and not. (Read our initial coverage here.) On Tuesday, we covered the company’s launch of what it calls the Startup Genome Compass, a benchmarking tool for startups that helps founders monitor their progress in different growth categories. Since then, more than 6,000 startups have signed up to use the Compass. Along with the diagnostic tool, Blackbox also released a new research report on the major causes of startup failure, including perhaps more significantly, the primary cause of startups kicking the bucket: Premature scaling. What’s more, “premature scaling” may seem an overly simplistic term, and it may be easy to misconstrue. For now, we’ll leave it at that. And without further ado, Visual.ly’s infographic on premature scaling is below:
- How We Will Read: Clay Shirky This post is part of “How We Will Read,” an interview series exploring the future of books from the perspectives of publishers, writers, and intellectuals. Read our kickoff post with Steven Johnson here. And check out our new homepage, a captivating new way to explore Findings. This week, we were extremely honored to speak to Internet intellectual Clay Shirky, writer, teacher, and consultant on the social and economic effects of Internet technologies. Clay is a professor at the renowned Interactive Telecommunications Program at NYU and author of two books, most recently Cognitive Surplus: Creativity and Generosity in a Connected Age. Clay is one of the foremost minds studying the evolution of Internet culture. How is publishing changing? Publishing is not evolving. In ye olden times of 1997, it was difficult and expensive to make things public, and it was easy and cheap to keep things private. The question isn’t what happens to publishing — the entire category has been evacuated. Yes.
Home :: GEM Global Entrepreneurship Monitor :: Simple Story Videos - Complex solutions made simple Abundance Authors Diamandis and Kotler Answer Your Questions We recently solicited your questions for Peter Diamandis, founder and CEO of the X Prize Foundation, and journalist Steven Kotler. They are co-authors of the new book Abundance: The Future Is Better Than You Think. Below are their answers about the need for jobs (it’s not what you may suspect), the distribution of wealth, and the technological breakthrough that led the price of aluminum to plummet. Thanks to everyone for participating. Q. A. Technically, behind oxygen and silicon, aluminum is the third most abundant element in the Earth’s crust, making up 8.3 percent of the weight of the world. The point is this: when seen through the lens of technology, few resources are truly scarce; they’re mainly inaccessible. The point is this: when seen through the lens of technology, few resources are truly scarce; they’re mainly inaccessible. Q. A. So what are those four forces? Q. A. But it’s the digital revolution that is fostering the greatest gains. Q. A. Q. A. Q. A.
Wavii How to name your startup Choosing a name is one of the parts of a startup I find the most difficult. It’s also something you can easily get hung up on. We all know that the key thing is to move on to actually building something we can put in front of users. Here are 3 steps I would take if I was naming a new startup: 1. Often constraints are good when undertaking a creative process like naming your startup. GoogleTwitterFacebookFoursquareDropBoxPocketTumblrFlickrHipChatSparrowTweetbotReeder All great startups. SquarePathBox 2. I used to try to be very clever about naming my startup. Unfortunately, I’m not the most creative person. Therefore, since I don’t have that creativity, I take a slightly different approach. I also like the “real word” approach for a couple of other reasons: You’re more likely to end up with a name that can be “spoken” without confusion. 3. I see many, many founders limiting themselves with the domain name. My current startup is named Buffer, but the domain name is bufferapp.com.
Frighteningly Ambitious Startup Ideas March 2012 One of the more surprising things I've noticed while working on Y Combinator is how frightening the most ambitious startup ideas are. In this essay I'm going to demonstrate this phenomenon by describing some. Don't worry, it's not a sign of weakness. There's a scene in Being John Malkovich where the nerdy hero encounters a very attractive, sophisticated woman. Here's the thing: If you ever got me, you wouldn't have a clue what to do with me. That's what these ideas say to us. This phenomenon is one of the most important things you can understand about startups.  You'd expect big startup ideas to be attractive, but actually they tend to repel you. 1. The best ideas are just on the right side of impossible. The point when it became clear to me that Microsoft had lost their way was when they decided to get into the search business. Microsoft : Google :: Google : Facebook. The way to win here is to build the search engine all the hackers use. 2. Whatever you build, make it fast.
Positive Projections Website Remodeling, Web Design & Marketing TheFunded.com: The Resource for Entrepreneurs. Are Habits the Enemy of Mastery? In his book, Outliers , Malcolm Gladwell helped popularize the notion of 10,000 hours of practice. The idea being that it takes around a decade of consistent practice to become world-class at anything. The idea of 10,000 hours evokes the sense that mastery is mostly a process of endlessly slogging away at a craft. What’s interesting about this is that the research from which the idea is based doesn’t actually support this. Anders Ericsson’s research (which inspired the Gladwell meme) shows that hitting plateaus is common in skill development. There are many causes of plateaus but a major one seems to be routine. The Catch-22 of Habits and Mastery This leads to an interesting paradox. The concern isn’t hypothetical. “One of the key factors of ensuring fast progress [in my mission to learn Mandarin] has been that I have changed my approach entirely every week.” How Do You Become a Better Writer After 900+ Articles? I find myself asking these questions about my writing.