“Have you ever had a failed startup?” I asked Mark Wachen, the managing director of DreamIt Ventures’ New York accelerator program.
He laughs, “Well, in the mid 1990s, I had what one might call a start-down.” It was between graduating from Harvard Business School, helping to launch the original Sony Music website, running music promotions with Yahoo, leaving Sony and then returning to Sony that Wachen tried to launch his own company. He became distracted by the freneticism of the time, and people around him who said “I don’t like your idea, but hey there’s this other opportunity…” Shortly after, Sony recruited him back to start a corporate venture group, which Wachen cites as a great learning experience for his current role leading fresh young startups into the world.
To read the full, original article click on this link: The inside story behind DreamIt Ventures' first New York City accelerator - TNW Insider
