Seen a good movie lately...?

I'm sure that just like me - you've all sat through movies and could not believe some producer(s) read that script and actually put real money to have that movie made...

Here are some thoughts from Paul Ormerod, brilliant British economist, on why movies flop:

Why do films flop?

Stat to Ponder - Percent of US Businesses Failing Every Year

Unbelievable - fully 10% of US businesses fail annually. Wow.

WSJ Publishes Old News on VC-backed Startup Failures

WSJ published some old news today...according to Deborah Gage, the VC (Venture Capital) secret is that 3 out of 4 startups fail...

News flash: 1 out of 10 succeeds...

Rough VC stats are as follows - for each 1,000 business plans a typical VC sees:
=> VC communicates with 100 teams
...meets with 10 teams for presentations
...invests in ONE single venture

Success stats are approximately:
+ 5-6 fail ... negative returns
+ 2-3 breakeven - living dead etc. ... zero returns
+ 1-2 minor success ... minor returns, in today's climate barely return VC investments
+ 1 raging success ... major returns, finances the whole deal

DO THE MATH - for a single raging success a VC team has to review approximately 10,000 business plans, sit through 100 presentations, invest in ten companies and work with them for periods that can stretch out to ten years and beyond.

It ain't an easy business - even if top firms like Kleiner Perkins and Accel sometimes make it seem like cake.