BRAVE: Why Startups Fail: Power Laws, Failure Patterns & Being Too Early - E664

Jeremy Au breaks down why most startups fail even after raising capital and why failure is often misunderstood by founders, investors, and the media. Drawing from venture data and real startup case studies, the discussion unpacks common failure patterns, the role of timing and macro forces, and why economic failure does not always mean bad judgment. The episode reframes failure as part of innovation, while staying honest about incentives, power laws, and investor reality. 01:40 The Brutal Math of Venture Capital: Jeremy explains why only about 1% of startups become unicorns, with high death rates at every...