Predicting and Enhancing Startup Success with Psychological Science
Imagine if you could significantly enhance your ability to predict which startups would succeed, and which would fail. No crystal ball required...
We've heard it time and time again... "90% of startups fail." (Harvard Business Review, 2011). But startups keep popping up, and investors keep throwing money at opportunities.
But startup founders and investors are not stupid. They're often incredibly smart. So what's going on here?
We know the smartest VC's and Angels don't invest in products. They invest in people. They invest in teams. Yet, how many investors have advanced training in the psychological factors that drive people and create team chemistry? How much do they know about WHO is worth investing in? Who will give up? Who will make conscientious decisions as they spend your cash?!
With your sharpened predictive abilities, not only would you feel more confident in your investing strategies, you would increase your likelihood of capturing a 10x ROI. By using behavioral sciences, you would limit false positives (investing capital when you shouldn't), reduce false negatives (not investing when you should), increase true negatives (not investing when you shouldn't), and most importantly, create lots of true positives (investing when you should).
Fortunately, there's an art AND a science to this problem. I'm just getting started on the development of an algorithm, so if you are an investor or startup who would like to help, give me a buzz at 703-889-5038, or email me at StartupDynamic@gmail.com.
Cheers!
Curt
We've heard it time and time again... "90% of startups fail." (Harvard Business Review, 2011). But startups keep popping up, and investors keep throwing money at opportunities.
But startup founders and investors are not stupid. They're often incredibly smart. So what's going on here?
We know the smartest VC's and Angels don't invest in products. They invest in people. They invest in teams. Yet, how many investors have advanced training in the psychological factors that drive people and create team chemistry? How much do they know about WHO is worth investing in? Who will give up? Who will make conscientious decisions as they spend your cash?!
With your sharpened predictive abilities, not only would you feel more confident in your investing strategies, you would increase your likelihood of capturing a 10x ROI. By using behavioral sciences, you would limit false positives (investing capital when you shouldn't), reduce false negatives (not investing when you should), increase true negatives (not investing when you shouldn't), and most importantly, create lots of true positives (investing when you should).
Fortunately, there's an art AND a science to this problem. I'm just getting started on the development of an algorithm, so if you are an investor or startup who would like to help, give me a buzz at 703-889-5038, or email me at StartupDynamic@gmail.com.
Cheers!
Curt
