{"id":51,"date":"2007-11-30T09:53:35","date_gmt":"2007-11-30T13:53:35","guid":{"rendered":"http:\/\/blog.payne.org\/2007\/11\/30\/why-early-stage-venture-investments-fail\/"},"modified":"2007-11-30T09:53:35","modified_gmt":"2007-11-30T13:53:35","slug":"why-early-stage-venture-investments-fail","status":"publish","type":"post","link":"https:\/\/payne.org\/blog\/why-early-stage-venture-investments-fail\/","title":{"rendered":"Fundamental Theory of Startups"},"content":{"rendered":"<p>Check out <a href=\"http:\/\/feeds.feedburner.com\/~r\/UnionSquareVentures\/~3\/192954881\/why_early_stage.html\">this great post<\/a> from <a href=\"http:\/\/www.unionsquareventures.com\/\">Union Square Ventures<\/a>:<\/p>\n<blockquote><p> <em>My friend Dick Costolo, co-founder of FeedBurner, describes a startup as the process of going down lots of dark alleys only to find that they are dead ends. Dick describes the art of a successful deal as figuring out they are dead ends quickly and trying another and another until you find the one paved with gold.<\/em><\/p>\n<p>(from: <a href=\"http:\/\/feeds.feedburner.com\/~r\/UnionSquareVentures\/~3\/192954881\/why_early_stage.html\">Why Early Stage Venture Investments Fail<\/a>)<\/p><\/blockquote>\n<p>This relates to my Fundamental Theory of Startups:  success is about staying in business long enough to get to the third idea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out this great post from Union Square Ventures: My friend Dick Costolo, co-founder of FeedBurner, describes a startup as the process of going down lots of dark alleys only to find that they are dead ends. Dick describes the &hellip; <a href=\"https:\/\/payne.org\/blog\/why-early-stage-venture-investments-fail\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","hentry","category-entrepreneurship"],"_links":{"self":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":0,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"wp:attachment":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}