Startups: Why Take The Risk?

Who hasn’t once dreamed about creating or discovering something one day that will turn them into a multimillionaire? Dream turns into reality for one London teenager, Nick D’Aloisio. D’Aloisio is the founder and entrepreneur of the app that changes the way we read, Summly. At the ripe old age of 18, he single-handedly created Summly and sold it to Yahoo! for an estimated $30 million.

The thing about startups is the fact that it is either a hit or miss. On average, 75% of all startup companies are destined fail. But the question remains: why take the risk? I may not be a psychology major but it’s safe to assume that for some people who shoot for the moon, landing among the stars is just not enough. Larger than life aspirations is why people take the huge risk. It is because of success stories like D’Aloisio’s that give people the sliver of hope they need to make the leap of faith. It is not an easy feat to accomplish. During our Comm 101 class, we were prompted to come up with a startup company. Four groups, including my own, came up with an almost identical idea of a bike sharing company. Ideas are limitless, but it’s how you materialize that idea that matters.

Article Links:

http://online.wsj.com/news/articles/SB10001424052702303376904579137444043720218

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