In various blogs and news-feeds recently, both Blackbird Ventures and Sydney Seed Fund have estimated that, of the perhaps 1000+ startups formed this year in Australia, only 10% are attracting external funding and the percentage is much lower for the very early stages entrants. Part of the reason for these figures seems to be attributable to the growth in the number of people giving entrepreneurialism a shot whilst at the same time failing to adopt any kind of robust commercialisation process.
“There’s really nothing remarkable about it. All one has to do is hit the right keys at the right time and the instrument plays itself” – JS Bach
As a musician, this quote makes me smile. I recognise that having a framework is not enough but I do believe that not using one at all is a recipe for disaster.