← Techstars Blog

Odds are your startup won’t succeed. We hear it all the time. only 5% of all businesses stay in business after 5 years. So what is the point of trying?

We hear it all the time. only 5% of all businesses stay in business after 5 years. So what is the point of trying?

It’s been my experience that people start businesses because our ideas get hold us and they won’t let go. There is a beauty in an idea that helps us make sense of the world. It doesn’t matter if it’s an app, or a food, a beer, or a device. In our heads, all the pieces fall into place to create a success where our ideas are embraced and valued. It doesn’t have to be about the recognition, but it is about the validation we feel. Our compulsion comes from the desire to create what is in our head in the real world.

That is where we the trouble begins. We all have ideas and can see a future where those ideas become embraced by others. But too few of us have the experience to build the vehicle of a successful business that can bring our vision to life.

What is amazing is there are so many resources for people today to learn the skills and tools to help them tackle the journey ahead. For the last 3 years, I have been committed to the amazing entrepreneurs who choose to believe there is a way despite the odds and their lack of experience. One of the best events I have ever seen to demonstrate the power and potential of ideas and the community that is committed to fostering them is Startup Weekend. It pulls together individuals with the core expertise, desire, and talents and focusses them for 54 hours over one weekend to build the start of a viable business. It is as much about the business as it is about the idea. That’s what makes it so powerful.

Reach out to people who know about Startup Weekends, investigate Techstars and their desire to foster visionaries. Then ask yourself if a weekend with creative, supportive experts helping you build your idea into a company is worth your time. It has been for my five separate times. And now I host them to help others build their ideas. I hope you come join us on June 2nd-4th.

Dave Barcos