Snowbon is insolvent. At the end of last year, news circulated in the media that the Munich-based ski pass portal was on the verge of collapse. This is unfortunate, but entrepreneurship also involves the possibility of failure. Or, in short: Nothing ventured, nothing gained.
Sascha Lobo, who claims to have failed with three companies himself, said in a lecture in 2011:
“Failure is bad, but you still have to endure it and persevere.”
Why endure, persevere and possibly start again?
In any case, Federal Minister of Economics Sigmar Gabriel joins Sascha Lobo and calls in his welcoming address to the German Startup Monitor 2015, "Sfail not as a flaw, but as an opportunity to do (even) better next time”, because:
“Actually, the only company that failed was the one that wasn’t founded in the first place.”
The bottom line is that nothing is lost when a company fails. Except, of course, for the venture capitalists involved, who already factor in a potential total loss.
Valuable experience through failed attempts
41% of all companies founded in 2005 still existed five years later, according to the Federal Statistical Office. It is therefore more likely to fail with a start-up than to achieve lasting success. However, no one should be discouraged by this, says Martin Klässner, founder of the software startup has.to.beNot only is nothing lost through a failed start-up, but those who have had to close their business in the past will not repeat previous mistakes. So-called "failures" have an advantage in experience:
“'Failures' make better founders.”
Founders are repeat offenders
The startup scene seems to be taking failure in stride: According to the 2015 German Startup Monitor, one-third of all startup founders have already abandoned a previously launched project. More than two out of three would try again if they failed. Founders are repeat offenders, as success often only comes on the second, third, or fourth attempt. For all those whose startups didn't succeed right away, we can only wish them: Good luck next time!
