The venture capital funnel highlights the natural selection inherent in the venture capital process. 70% of companies are orphaned or die along the way.
This is a Q&A with Dr. Basil Peters, the CEO of Strategic Exits corp, best-selling author of Early Exits and successful entrepreneur-he was the founder of Nexus engineering, now part of Cisco, that grew to over 300 employees on 5 continents. Let's start with a brief background.
The era of unicorn startups has created a distorted view of entrepreneurial success. All the talk about billion-dollar exits has inflated the numbers that define a win. Starting and selling a company for $100 million dollars is an outlier event in terms of pure entrepreneurial probability, but such outcomes are viewed as well short of success in many corners of today’s startup world.
Something is rotten in tech startup land. Don’t call me a hater for saying so. It’s not that I’m anti innovation or a disbeliever in disruption or calling it a full-scale bubble or saying every…