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One of the hardest professions in a booming economy is that of a startup Entrepreneur.  The most well known statistic that entrepreneurs face is that 90% of startups fail. Some lawyers and M&A experts have told us this statistic is more like 99%.  But whether the figure is 90% or 99%, the reality is that entrepreneurs go through a lot of C.R.A.P. on the path to entrepreneurial success.

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Without Law, there is Lawlessness.  In a thriving, prosperous society, capitalism and entrepreneurship can only survive when there is Law. The best symbol for Law in America is Lady Justice. Lady Justice is blind to bias and symbolizes law with Her blindfold, sword, scale, and robe. As entrepreneurs, there is an easy choice between law and lawlessness. The Law affects entrepreneurs and their businesses greatly as regulations and political bureaucracy can kill small businesses and startups.

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Technology has changed tremendously from the 80's and 90's.  30-40 years makes a big difference in your experience and understanding of technology but also in your perspective on how we got to our current state changes. The entrepreneurs and founders who led this revolution were visionaries, innovators, and disruptors. They built the Internet and technology to what it is today and they have changed the world for the better of humanity.

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You see it in business a lot these days where companies and investors pay "lip-service" to supporting disruptive ideas and businesses. Maybe, in a protective way, these companies are maintaining the status quo. There are many examples of this "lip-service" in technology and entrepreneurship with respect to startups. Did you believe in social media or ecommerce in the early days of the industry? Did you believe in entrepreneurs such as Mark Zuckerberg, Jeff Bezos, Crazy Jack Ma or Marc Benioff?

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The story of startups and Corporate Giants goes way back in history to the story of David and Goliath. In this biblical story, David could be thought of as a startup and Goliath as a Corporate Giant. In the story of business, we often think of this relationship as an adversary relationship. But the truth is that collaboration between David (startups) and Goliath (Corporate Giants) is more beneficial to the economy.

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As an Entrepreneurial Startup, the odds are against you which means YOU are the Underdog. With a 90% failure rate for startups, entrepreneurs need all the help they can get. Entrepreneurship is almost always a David versus Goliath epic story. Read on about winning when you are the Underdog and stories of those who overcame insurmountable obstacles as Underdogs.

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