This Is What Happens When a Startup Dies
Episode publishedPodcast: Odd LotsOdd Lots
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Hello, and welcome to another episode of the Odd Lot podcast. I'm Jill Weisenthal.
And I'm Tracy Allaway.
Tracy, we always hear about big startup exits, people becoming billionaires, companies getting acquired going IPO, etcetera. But I don't think most of them is not that. Just the ones we talk about. You never hear about the scores of other ones that always fail.
No. This is called survival bias, So you only ever hear about the winners because all the losers are basically gone and can no longer communicate. That's right.
And then the other thing is that most startups fail and VCs talk about, oh, I need one winner for every, whatever, 100, maybe 20 losers or whatever. There are probably a few in the middle. They get two or three X returns, but that's not what delivers the big money. But yeah, it's funny because the losers, that's the norm. That's the expectation going in with any series of investments. And yeah, we really should talk about losers more often.
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