The Myth of the Start-Up

Chris Dixon has posted a thoughtful analysis about the Myth of the Overnight Success on his blog. He writes:

You tend to hear about startups when they are successful but not when they are struggling. This creates a systematically distorted perception that companies succeed overnight.

Similarly, there is a general Myth of the Start-up that makes starting a company look easy. Many companies that people commonly refer to as a Start-up are not in fact start-ups in the most basic definition of the word. For example, Priceline was developed in house at Walker Digital and MySpace was a project of an existing marketing company. Neither company struggled through the early stages because they were incubated within larger organizations that provided for their care and feeding. Twitter is another company commonly referred to as a start-up that was incubated within a well funded organization.

Starting a company is hard! Building a company requires patience, perseverance and hard work. Don’t fall for the Myth of Overnight Success OR the Myth of the Start-up!

About Nancy Prager

Nancy Prager is an attorney based in Washington, D.C. She represents a wide range of clients on matters from intellectual property to estate planning. Before starting her own practice, she practiced with firms in Memphis and Atlanta, as well as providing business development services to technology companies. She launched her practice to offer strategic legal services to clients at an affordable rate. Additionally, Nancy is a sought after speaker and writer on issues related to the convergence of intellectual property, technology and media. Nancy was asked to write a series of commentaries for on the emerging legal issues related to the transmission of content on the internet. She has spoken to organizations and conferences around the country on issues related to the convergence of technology, content and intellectual property, as well as strategic legal issues for companies, individuals and artists. Journalists often rely on Nancy as a resource for emerging legal issues. Nancy has a strong commitment to social justice. She has founded, or co-founded, a number of organizations and programs that provide tangible services to their constituencies. For example, while a student in law school she developed the Domestic Violence Advocacy Center that provides legal services to victims of domestic violence. Additionally, she has been involved with a number of organizations that provide services to children and their families, including serving on the boards of the Harwood Center and Porter Leath Children’s Services. She is a graduate of Wake Forest University School of Law and the University of Wisconsin, Madison. She is a member of the District of Columbia Bar, the State Bar of Georgia and the State Bar of Tennessee. She has been a member of a variety of legal organizations including the Copyright Society of the USA and the American Bar Association.
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1 Response to The Myth of the Start-Up

  1. This is really the 4th posting, of yours I checked out.
    However I actually enjoy this 1, “The Myth of the Start-Up | Protect | and | Leverage” the most.
    All the best -Amie

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