Paul Allen Quotes

My only failure was the restaurant in Myrtle Beach. I kept it open for four years. It was in a tourist town, it was only busy four and half, five months of the year. But the bills kept coming all year.

These subsidies from four European governments, which include aircraft launch assistance, capital injections, debt forgiveness, have enabled Airbus to develop and range market airliners well below cost.

An orthodox belief in big government's inefficiency cannot coexist with an orthodox belief in private industry's inability to compete with big government.

We would be billionaires, but we took responsibility for Summa's failure.

But indeed a market like California is not good for Enron.

I feel somewhat responsible for the Borders Books bankruptcy.

Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It's really sad.

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.

I had knockback after knockback before I got anywhere. After I got my first record deal I thought that was it, then Gut Records went into liquidation. I was 20. I had no idea what that meant. I had a few days to get myself out of that contract or my work would be owned by someone else.

I would think that most of the online business will be conducted by traditional retailers and that over 90 per cent of the e-retailers will, in fact, all go out of business.

More business is lost every year through neglect than through any other cause.

I opened my own restaurant when I was 17. I went broke, then traveled around the country, learning about different kinds of foods, had three other restaurants that went broke. It didn't all start just a few years ago!

Starting a business is risky. Half of all new businesses fail to experience a fifth anniversary. And everyone knows that you could lose all the money you've invested in your new company and then some. Those are the obvious risks of trying to be an entrepreneur.

The weakness in the company is if we fail to execute.

The truth is that most small businesses will not succeed and you need to be emotionally prepared for this.

If General Motors can't survive and run their business like a business, let them go under.

His trade is doomed.

We weren't making money in the Yardbirds.

As quickly as it started, our business model evaporated. But while Traf-O-Data was technically a business failure, the understanding of microprocessors we absorbed was crucial to our future success.

In technology, most things fail. Most companies fail.

When companies fail, shareholders bear the losses. It's just the way our system is supposed to work.

Every successful businessman will have experienced set-backs and failures - they're lying if they say they haven't. Virgin has had some tremendously successful businesses and some that have not quite worked out. Virgin Cola springs to mind - the product wasn't distinct enough from Coca-Cola.

I've certainly learnt there's nothing more important than cash - cash flow issues are one of the biggest causes of company failures.

Wrestling promotions are kind of like new religions - nine out of 10 fail in the first year.

Starting a company is rough. It's even harder when you're young - I know this firsthand, because my first company flopped when I was 25.