History shows that crises can be startup incubators. Some of today’s biggest companies were founded during and shortly after the 2008 economic crisis, including Uber, Credit Karma, Slack, WhatsApp and Groupon.
But crisis or no crisis, launching a start-up is a challenge. From limited resources to just knowing what to do, many ideas are never realized and fall apart before the business gets off the ground.
But there are lessons to learn from both start-up failures and from those start-ups that succeed. These lessons can be bundled into a formula for success. In this episode we look at the s