The Startup Play-by-Play
1. You start a company.
2. You raise capital.
3. Your company proceeds to:
a) Flop early. 80% of companies fail in first year.
b) Flop late. Shuts down or is acquired for less than capital raised.
c) Do “ok.” Reaches profitability or sells for an acceptable sum.
d) Become a wild success. Is acquired for favorable terms or
becomes sustainable (reaches profitability, could be privately or