If you want to be the next Bill Gates or Jeff Bezos, make sure you spend a good chunk of time studying business failures.
One of the problems of comparing yourself to someone like Bezos, Songhurst said is that "you're seeing people at the height of their powers, you're not seeing them on the way up." As an angel investor, Songhurst has seen a broad range of startup successes and failures, and pointed to several common mistakes that founders make."I see so many startups three to five years in, still haunted by bad capital at the beginning — some investor they don't want, some valuation that was hopelessly dilutive — and it puts VCs off," he said.
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