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There was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as Henry Ford there were something like 500 automotive companies that got funded had the internal combustion engine had the technology and had the vision. Sixty percent of them folded within a couple of years.

- Eric Ries

Photo by Kalen Emsley on Unsplash

There was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as Henry Ford there were something like 500 automotive companies that got funded had the internal combustion engine had the technology and had the vision. Sixty percent of them folded within a couple of years.

- Eric Ries

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