James Dyson on Leveraging Failure to Reach Success

James Dyson talks to Entrepreneur about leveraging failure for success - click here

Business as a Baseball Game...

Think about this...

If business were a baseball game, you'd only have to get it right 33% of the time to be considered a "star," "expert," or genius...

Avis ditching "We Try Harder..."

Here's another strange one for y'all -

Avis has been using the "We Try Harder" tag line for half a century - literally since before I was born...it's as strongly associated with Avis as America is with apple pie.

In a strange move Avis has announced it will be ditching one of the most successful tag lines in business history for..."It's your space."

"It's your space."

Huh?

Here's some good commentary from The Blake Project.

Apple losing lawsuit after lawsuit...

When Apple wins one over Samsung, the media world is abuzz...I find it strange that when Apple loses lawsuits one after the other to HTC - little is said...

YOUR thoughts??

Apple Loses Another One To HTC

Conspiracy of the apploids??

WSJ Publishes Old News on VC-backed Startup Failures

WSJ published some old news today...according to Deborah Gage, the VC (Venture Capital) secret is that 3 out of 4 startups fail...

News flash: 1 out of 10 succeeds...

Rough VC stats are as follows - for each 1,000 business plans a typical VC sees:
=> VC communicates with 100 teams
...meets with 10 teams for presentations
...invests in ONE single venture

Success stats are approximately:
+ 5-6 fail ... negative returns
+ 2-3 breakeven - living dead etc. ... zero returns
+ 1-2 minor success ... minor returns, in today's climate barely return VC investments
+ 1 raging success ... major returns, finances the whole deal

DO THE MATH - for a single raging success a VC team has to review approximately 10,000 business plans, sit through 100 presentations, invest in ten companies and work with them for periods that can stretch out to ten years and beyond.

It ain't an easy business - even if top firms like Kleiner Perkins and Accel sometimes make it seem like cake.