65% of High potential firms will fail-says Noam Wasserman
- ByStartupStory | March 1, 2022
In his book “The Founder’s Dilemma,” Harvard Business School professor Noam Wasserman claims that 65 percent of high-potential enterprises fail due to disputes among co-founders, exposing some painful truths that all founders face at some point in their careers.
It should come as no surprise, according to Wasserman, to anyone who has ever tried to start a business.
It’s been said that the best moment to start a business is before you start building because the opportunities are limitless. The grounds for the conflict, according to Wasserman, can be as different and unique as the co-founders, and the most evident reason is when two or more sets of ideals, values, views, motivations and a dozen other intangible, indescribable traits are striving to be merged.
He explains that even when one co-founder brings something unique to the table, there may be tiny misalignments that become problematic after a period of time. According to the author, one should not be fooled into thinking that just because they are on the same page with their co-founder/s during the brainstorming process, they are immune to the pitfalls of startup life, because there is no way to be completely aligned across all of the business’s important elements.
Follow Startup Story
Related Posts
