09 September 2013

Odds, Hollywood Movies, Startups

Of 10 start-ups, only three or four fail completely. Another three or four return the original investment, and one or two produce substantial returns. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail.(source infra)

The Odds of a Hollywood Movie Being Made Are the Same as a Startup Making It: "Out of every ten movie projects launched by a studio - by buying a script, acquiring the movie rights to a novel or comic book, or starting work on an internal idea - only one will actually be made and released. The other nine will be victims of “development hell,” the years spent working up from a script or concept through script changes, casting, and so on. The potential for the film to be pulled or frozen in development indefinitely is a constant threat. Without even looking at performance in terms of profit or return on investment, the odds of a Hollywood movie making it into theaters are the same as Silicon Valley’s 9 out of 10 figure and much longer than startups’ actual failure rate."

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The 7 Habits of Highly Effective Mediocre Entrepreneurs | TechCrunch: " . . . . persistence is not the self-help cliche “Keep going until you hit the finish line!”. The key slogan is, “Keep failing until you accidentally no longer fail.” That’s persistence." - James Altucher

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