Last week I was on a panel at the Digital Summit conference with well over 1,000 attendees. One of the panelists with me was Todd Sawicki, an entrepreneur in a high growth startup that recounted how his previous seven ventures were a failure. One of the comments that he made really stuck with me:
If you’re too early with a startup idea, that’s a failure just like any other.
Many entrepreneurs don’t realize that after running out of money, being too early with an idea is one of the most common reasons for failure. Todd told how he worked on a startup that was similar to YouTube, only it was 1997. He also talked about working on a startup that was similar to Dropbox/Carbonite/Mozy, but that it was 1996. Being too early with a startup idea is a failure and happens all the time.
What else? Do you think being too early with a startup idea is a failure?