Searching for Mana with Lloyd Wahed Why do startups fail? | Tom Eisenmann, Harvard University
Why 90% of all startups fail? This week, Harvard Professor Tom Eisenmann joins Mimi Nguyen to discuss his new book - The Fail-Safe Startup.
Focusing his research and his MBA class at Harvard University on the mistakes and missteps of entrepreneurs, for the first time, he reveals his findings, and - most importantly - how you can avoid them.
During their conversation, Tom tells Mimi about the potential failing patterns of early - and late-stage startups, debunking common Silicon Valley / Elon Musk / Rupert Murdoch’s mythologies. Plus, they delve into the changes over the last two decades in the MBA programme at Harvard Business School and discuss the future of innovation leaders training.
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Buy Tom’s book, The Fail-Safe Startup
Episode Highlights:
02:09: The concept of “betting the company” and Rupert Murdoch’s empires
05:08: What spurred Tom to study entrepreneurship failures?
10:29: The failure patterns in early-stage startups
21:00: Why the right resources are key and why we need to hire for attitude?
24:00: The failure patterns in late-stage startups
23:37: Ethics and MBAs
46:15: Combining MBA, engineering and design