Yesterday I talked about some of the pros of having parallel startups including shared back-office, cross pollination of teams, and more opportunities to time the market. Doing multiple startups at the same time is difficult, and it’s important to address the unique challenges. Today I want to talk about some of the cons of doing multiple startups at the same time.
Some cons of doing parallel startups:
- Potential lack of momentum on any one idea to get the point where it’ll be successful
- Insufficient resources to make the biggest possible impact with any one startup
- Perceived lack of focus and direction
Talking through these challenges and understanding the drawbacks of doing parallel startups is important in the quest for success. There are many different pros and cons of having parallel startups with most successful parallel startup organization being Idealab in Pasadena.
What else? What other cons are there to doing parallel startups?