Discussing Startup Failures with Tom Eisenmann
The Future of Data Podcast | conversation with leaders, influencers, and change makers in the World of Data & AnalyticsShow Notes
In this conversation, Thomas Eisenmann discussed the complicated world of startup failures. Tom discussed various failures and what are some ways businesses could have done right. This is a great conversation for anyone seeking to understand failures and how to avoid them.
Bio: Tom Eisenmann is the Howard H. Stevenson Professor of Business Administration at Harvard Business School (HBS) and the faculty co-chair of the Arthur Rock Center for Entrepreneurship. Since joining the HBS faculty in 1997, he’s led The Entrepreneurial Manager, an introductory course taught to all first-year MBAs, and launched fourteen electives on all aspects of entrepreneurship, including one on startup failure. Eisenmann has authored more than one hundred HBS case studies and his writing has appeared in The Wall Street Journal, Harvard Business Review, and Forbes. He is the author of the new book Why Startups Fail.
Thomas's Book: Why Startups Fail: A New Roadmap for Entrepreneurial Success https://amzn.to/2SeCCEa
Discussion Timeline: TIMELINE
Stage 1: Lead-in 1. Starter: Give your starter pitch 1 point that this book points to: 2. Vishal briefly introduce guest Stage 2: Subject Matter Expertise 3. What is the state of startups today? 4. What are some common pitfalls you find in the world of startups? 5. What is the state of innovation today? 6. What are some common patterns you are seeing when it comes to startups that are coming up today? 7. How has corporate innovation stifled over the last year? Stage 3: Introduction as an author 8. Why study startup failures? 9. What are some surprises you found in studying startup failures? 10. What are the most common patterns of failure? 11. Why is it important to normalize and accept failure? 12. Is there such a thing as failing well? 13. What was one of most of the unexpected failures you learned about when writing this book? 14. How you should embrace failure if you are a founder? 15. Are failures something you avoid or something you should embrace? 16. Naseem Taleb suggests being anti-fragile, can startup be anti-fragile
Stage 4: Rapid Fire [Say what comes to your mind] 17 a. #Startups 17 b. #Entrepreneurship 17 c. #Failures 17 d. #Growth 17 e. #Culture 17 f. #Founder 17 g. #Disruption 17 h. #JobsOfFuture 17 i. #FutureofStartup 17 j. #FutureofOrganization
Stage 5: Closing 18. What are 1-3 best practices that you think are the key to success in your journey? 19. Do you have any favorite read? 20. As a closing remark, what would you like to tell our audience?
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