notes

Book describes issues late stage startups face. Although get out of the early stage is difficult, this stage presents its own challenges.

These chapters of the book discuss the three failure patterns that effect early stage startups: Good idea, bad bedfellows, False starts and False Positives. I also added a summary of a Letter the author wrote to first time founders as it seemed relavent to this stage.

Startup success comes from making difficult trade-offs, good decisions and luck. This book explains those trade-offs and difficult decisions without providing a set recipe anyone can follow.

Since 70-80% of all startups fail, preparing and planning for failure is important. It is important to plan a graceful shutdown and also bounce back.