6 Lessons for Startups from a Museum Dedicated to Failure

By temporary On Feb 1, 2025 2 0

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Recent data shows that U.S. startup failures have increased by 60% in the past year. And every failed product or company carries a price: wasted resources, lost jobs, tarnished reputations. To understand more about risk-taking and failure, Sean Jacobsohn has catalogued more than 1,000 failed products and businesses in a collection he calls the Failure Museum. He has identified six warning signs of failure, and offers lessons to ensure entrepreneurs learn from these mistakes.

Founders work hard to build their startups. Venture capitalists work hard to identify and invest in the most promising ones. But the harsh reality is that failure is inevitable. Recent data shows that U.S. startup failures have increased by 60% in the past year.