"Founders can also choose to build new companies, so I call them rebound, revenge, and rebirth. Rebound founders are comfortable with the identity of being a founder, so they move to the next idea as quickly as possible without thinking it through. It is like a rebound relationship right after a breakup. They build a rebound startup because as long as they are doing a startup, they still have an identity and can still fundraise. There are also revenge startups. For example, a founder was fired from a benefits platform by the board and then went on to build a direct competitor. The original company was a unicorn and later collapsed, while the new company became a billion-dollar all-in-one HR platform." - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcast" - Jeremy Au
"All startups are bets. They are bets on the future. They are bets that the future will become reality. They are bets that this company wins the race. They are bets that regulators will not regulate the company out of existence. In each round, investors pay more to find out what the bet really is. The real question is whether the risk taken matches the reward. From both the investor and founder perspective, founders can fail, but they are pioneers of a new world, and they teach us what can work and what cannot work." - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcast" - Jeremy Au
"AI robots are back. They may have been too early for their time because hardware is now cheaper, indoor sensors are more available, facial recognition middleware is more powerful, and language is now powered by ChatGPT. AI robots are back for social robots. Jibo is a great example of this. They failed, but they were also ahead of their time, a pioneer of social robots. Today, we already know there will be AI-powered teddy bears." - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcast" - Jeremy Au
In this episode, Jeremy Au speaks on why startups fail: power laws, failure patterns, and being too early.
Keywords: BRAVE, Why Startups Fail, Power Laws, Failure Patterns, Being Too Early, Singapore, Southeast Asia, Startup, Thought Leadership
