Our Mission:
Cut the global failure rate of startups to 25% by 2050
the future of innovation
the future of social impact
the future of jobs
the future of business culture
The future of startups is:
Global Snapshot: 2024
50% of all new companies
fail within 5 years
Small businesses provide
50% of all jobs globally
Small businesses constitute
90% of all companies
To build a better future of startups, we must consider the challenges faced by the entire startup ecosystem.
Challenges for Startups
Accelerated go to market & exit timeframes
Cost of capital
Fiercer competition & rapid market changes require greater strategy and greater agility
New capacities required in the leadership team: funding, scaling, and managing with AI tools
Disincentive to do important but cognitively demanding and time intensive forecasting due to market pressures
Challenges for Funding Partners
USBLS data shows an increase in startup failures
Increased G2M timeframes mean pressure for accelerated diligence & deal assessment
Incentive to integrate AI based deal assessment criteria as part of the investment / lending thesis
Less room for “story” in deal assessment
Qualitative risk assessment and risk management measures are more challenging than ever
Implications for Educators, Students, Job Seekers & Service Providers
Business schools want to provide the best education but face an inadequate budget for curriculum development and new tech
Increasingly quantitative AI-based deal assessment may unintentionally restrict available capital for potentially viable, innovative ideas
Business students face inapplicable and/or misguided learning
Job seekers and service providers depend on the success of startups for revenue and opportunities to develop future of work skills