Learn from dead startups

   "Remember the past and it will guide your future", how many fresh entrepreneurs truly understand this old chinese saying? entrepreneurs believe firmly their business ideas are unique and feasible. so am ILaughing. entrepreneur must have strong confidence, no doubt. but we should avoid blind confidence? how? best answer is: learn from dead startups!

   I believe many entrepreneurs will research the target market of self business ideas before making real startup. but most time they ignore the importance of analyzing failure startups. maybe they want to do that. however, search engine and media coverage can't give them very systematic results. although Techcrunch deadpool is a good source for entrepreneurs, it's still difficult to easily understand why these startups failed. if someone can build a website to systematically collect all kinds of failure startups, that will be a gospel for entrepreneurs. 

   how to design the website? I think we can't just pile up the detail story and list the names. entrepreneurs only care about whether there are similar idea failed and why failed! so best mechanism is UGC+tag+digg.

   firstly, well-informed sources submit the information about dead startup. submitter uses several short phrases to precisely describe startup's business idea, business model, revenue model etc. then use most precise tagging words he/she thinks to reveal failure reasons. meanwhile, submitter should attach the related media report links.

   secondly, views begin to vote on the tag words and the links. if they think the tags or links are not enough, they can add new tag words and new links too.  as long as more views are involved, the best words and the best analysis article to describe startup failure will be dug out. isn't it a good self-aid center for entrepreneurs?

   if you know someone is building or plans to build such websites, please tell us! bless every entrepreneur rising from dead startups!

 

Written by Keanu Zhang - Visit Website
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