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And particularly timely given the number of companies - even some that seem to be doing well - joining the deadpool lately.
There are lots of people who joined a startup and then, later, ended up disappointed by the company.
One this happens, those people start looking for safe jobs wher they are not given the opportunity to be creative.
As result I feel that we are loosing all, not only those people.
Nice article :)
Regards,
Also journalists can be wrong about their perception of the market.
We were looking at doing a managed services startup, and all the research was there, and it looked wide open, but our reliance on the research instead of the customer was not aligned.
Do not read an article or report with out looking up those other business owners sited in the article or report, if it is going to influence you, look it up. I liked an article about managed services and looked up a MSP owner listed in the article, as his business went up 300% that year.
Ya, what the article didn't mention was that the towns population was 1000 people.
A: How to discern this information at a certain level of connection with the startup ( am I already hired looking for these clues, am I looking at prospective companies, am I a consultant/temp/freelancer looking for a solid partnership?)
B: Whether one ( or all five ) of these issues must be raised or acknowledged to say that a company isn't going to last.
Another point to raise is that even with this information, I can say from experience that if someone is running a start-up that is destined to fail, number five is rarely going to be a situation. Number three is a decent indicator but would have to also fall to how the company fares with number two ( acquiring a diligent business model ).
I don't want to agree with the first poster that this is a horrible article, but for such an important business topic as getting hired/working with a start-up, this article leaves very little to guide the reader toward any direction. A re-write, with additional pointers and a better vocabulary directing the audience is very needed.