Contrary to the 'fail fast' mantra: the definition of a successful business is t... | Hacker News

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jacquesm on Jan 5, 2013 | parent | context | favorite | on: How My Start-Up Failed

Contrary to the 'fail fast' mantra: the definition of a successful business is that it is one whose backers didn't give up before it gained traction.

Underestimating the time it takes to get off the ground is a very frequent cause of business death.

seanlinehan on Jan 5, 2013 [–]

I look at the guys over at Weebly as prime examples of this. David spoke at Startup School this year and said that for something like 4 or 5 years they didn't really experience much success. They kept at it and now they power something like 2% of all sites on the internet!

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