Introduction
When you think about successful startups, most of them have one thing in common: failure. They failed and failed again before they finally got it right. But what makes these companies different from others is that they never gave up. In this article, we’ll dive into some stories of startups that failed hard but eventually found success. We’ll also discuss the essential things you need to know if you ever want your startup to succeed in an innovative way!
The founders of Rovio, who created the Angry Birds series of mobile games.
The founders of Rovio, who created the Angry Birds series of mobile games.
Angry Birds was launched in 2009 and its popularity took off quickly. The company was founded in 2003 by a group of friends who wanted to create games together. They began by developing games for the Nokia N-Gage platform but later decided to start their own company. The name “Rovio” comes from rovio (the Finnish word for “egg”), which is what Rovio’s founder Olli Väisänen called his first game ever made: an egg-based game where players had to move a chicken around without breaking any eggs or getting eaten by wolves!
Initially named Relude, this Finland-based startup has become one of the most successful technology companies in Europe; it makes billions each year from licensing deals alone!
They failed 52 times before they succeeded and are now worth over $5 billion.
They failed 52 times before they succeeded and are now worth over $5 billion.
The Angry Birds game was a failure when it first came out. It frustrated people who couldn’t figure out how to play it, so they deleted it from their phones. But Rovio kept working on their idea, and after 52 failed attempts, they finally got it right! Today Angry Birds is one of the most popular games in history with over 2 billion downloads worldwide
Amazing story right?
Now they have a net worth of over $5 Billion dollars.
Angry Birds is an international phenomenon
There are movies, cartoons, costumes, parade floats, plush toys, comic books…
Partnerships with sporting leagues and other brands like Star Wars and Transformers
Rovio also has an extensive IP portfolio including trademarks, copyrights, …
And a Patent Portfolio of over 48 patents (domestic and international)!
Startups are hard. Failure is a given, and you’ll likely experience it many times before you succeed. You might have to work on 52 failed ideas before you come up with the right one. You need to be willing to try again and again, even when things aren’t going well.
You need perseverance, resilience and tenacity—but also luck! When Joe Smith invented the light bulb in 1880 he was lucky enough to have both the right idea at the right time (electricity was becoming more popular), as well as great timing in terms of being able to get his invention patented first over Thomas Edison who had been working on his own version for years.
Many people think that luck plays a big role in starting companies or inventing new products or services; however it really comes down to having an innovative idea combined with hard work and perseverance until your product or service is successful enough for consumers/customers
Conclusion
What this clearly shows us is…
Every problem you face – in business or life – is an opportunity disguised as failure.
You can either choose to stubbornly resist the challenges in your life (pressing the hard button).
Or you can embrace it.
“The solution is in the problem”
And successful startups see every challenge/problem as a potential solution/opportunity.
Either you see it or you don’t.
And if you don’t, I hate to say this but…
You have already lost.
So it’s either you see challenges as obstacles blocking you from your goals.
Or you see challenges as stepping stones towards your destination.
Making it easier to achieve your goals and build a successful startup.
Its up to you…
The takeaway from these examples is that failure is part of life. It’s hard to get it right, but if you never try then you will never succeed. So keep trying until you find the right formula for success!