Entrepreneurs Learned their Lesson from the Bubble Days

Ron Conway and Paul Graham share some positive and optimistic information with the TechCrunch Founder, Michael Arrington and the audience during the Social Currency CrunchUp in Palo Alto,  on Friday. Unfortunately, they both mostly addressed the outcomes for investors, who always have liquidation preferences and other protections that put them ahead of founders.

Conway who said, has invested on over 500 startups, expects about one-third of them fail, one-third get investors their money back, and one-third bring a 2x to Google-x return which btw, Conway invested in Google and PayPal early on. But that’s not the case. Conway noticed that during the Internet Bubble in 1997 to 2001 — the failure rate was about 77 percent. Read more of this post