Eric Paulsen is joined by Kelly Fitzsimmons, serial entrepreneur and author of the new book Lost in Startuplandia. She has had several successful exits with a variety of companies and investors - and some big failures. Her book eschews the usual "This is exactly how I succeeded and how you will too!" hype and notes how the infinite roads to success and surefire ways to fail. Lost in Startuplandia offers multiple perspectives and real-life examples to allow an entrepreneur to recognize and compare his or her own situation to serve as guidance... or caution. Topics include customer and location strategy, investors and pitfalls, better decision-making and confirmation bias, looking for people outside your own circle, "Zombie startups," and much more. Through the conversation, we also wander into Oculus Rift, Maslow's Hierarchy of Needs, Moore's Law, how VR (virtual reality) programs could dramatically improve gaming, museums, film, storytelling and more, and a variety of topics.
Only about half of new businesses survive for five years.
From 1994 to 2015, an average of 53.4 percent of businesses survived to their fifth year of operation, according to data from the U.S. Bureau of Labor Statistics.
There are few universal truths in startup life. One of the most fundamental is that happier people are more productive. As founders, we think that means our employees. And yet, the deeper truth is that startup happiness starts at the top.
Five startup founders walked into a bar and, like that famous scene in the movie Jaws, our conversation dissolved quickly into us showing off our proverbial scars. A competition broke out for who could tell the most gory tale of woe. We went on trading story after story for hours on end.
As founders, it is easy to brag about our crazy hours and sleepless nights. And yet, these stories serve to support the enduring mythos that startup success is predicated on founder self-sacrifice. The harder we work and more we give up, the more successful our venture will be.
Jalem Getz founder of fast-growing eCommerce startup Wantable and Kelly Fitzsimmons, founder of Harqen will talk about how we establish a culture of failing forward in Milwaukee's startup community.
Episode 172: Failing Forward in Startuplandia
Kelly Fitzsimmons is a 4X serial entrepreneur and pioneer in voice recognition technology, cyber security and virtual reality with several 8 and 9 figure businesses and exits to her name. She shares her ups and downs and important advice for women about how to leverage, profit and grow (and never hide) from failure, with a new book out this fall that tells the story of how entrepreneurs bounce back from extreme adversity.
Episode 170 MINISODE: 4X Serial Technology Entrepreneur Kelly Fitzsimmons Advises on Raising Money and Avoiding Isolation
Kelly Fitzsimmons is a 4X serial entrepreneur and pioneer in voice recognition technollgy and cyber security software with several 8 and 9 figure businesses and exits to her name. She shares important advice for women in tech seeking funding, inspired by her own harrowing #MeToo attack by an investor which sent her into depression, isolation, shame – and now recovery with a new virtual reality company and a new book out this fall.