20th century Quote by Eric Ries
“There was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as Henry Ford; there were something like 500 automotive companies that got funded, had the internal combustion engine, had the technology, and had the vision. Sixty percent of them folded within a couple of years.”
About This Quote
Source Book: The Lean Startup, Eric Ries, 2011
Early automotive entrepreneurs had ideas, technology, and vision, yet most failed quickly, showing high failure rates despite favorable conditions.
In simple terms: Many startups fail despite good resources.
Key Takeaway
Learn from failures, iterate quickly.
Themes
entrepreneurship
failure
innovation
market dynamics
Mood
analytical
pragmatic
Type
business
educational
When to use this quote
- startup launches
- product development
- investment decisions
Key Concepts
risk assessment
pivot strategy
Questions to Reflect On
- What factors differentiate survivors from failures?
- How can early failures inform later success?
A Different Perspective
Success often requires more than resources and vision.
![“Of agitating good roads there is no end, and perhaps this is as it should be, but I think you'll agree that it is high time to agitate less and build more. [Here is] a plan whereby the automobile industry of America can build a magnificent "Appian Way" from New York to San Francisco, having it…” quote by Carl G. Fisher](https://sms4smile.com/quotes/img-quotes/037/carl-g-fisher-65044_agitate_of-agitating-good-roads-there-is-no-end_1486019.jpg)
