• 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.

    "Ideas Are Overrated: Startup Guru Eric Ries’ Radical New Theory". Interview with Carlye Adler, April 30. 2011.