A study by 2 Harvard grads of Harvard graduates turned entrepreneurs suggests that most venture failures are caused by poor execution.
Is this a brilliant breakthrough or blindingly basic?
Yes. And yes. This insight is both basic and a breakthrough.
Why Basic?
In the early stages of the VC industry, a common saying was “Management. Management. Management” to remind everyone that good ideas lose out to poor management, aka bad execution. But in the last few decades, the Entrepreneurial Ecosystem (EE) has focused on the idea, the pivot, and on VC instead of on skills – even though most ideas can be