There was a study done in the early 20th century o...

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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Frequently Asked Questions (FAQ)

Who said "There was a study done in the early 20th century o... "?

"There was a study done in the early 20th century o... " is one of a famous quotes by Eric Ries. Complete quote is as follows;
"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."

What is "There was a study done in the early 20th century o... "?

"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." This is a quote by Eric Ries which is about . He is known to have been associated with numerous other thought provoking quotes on these topics like;

  • As technology advances, it reverses the characteristics of every situation again and again. The age of automation is going to be the age of 'do it yourself.'
"

What does "There was a study done in the early 20th century o... " mean?

This quote is primarily about technology although it also includes other themes like . It is attributed to Eric Ries. Complete quote is as follows;
"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."