Beginning a startup comes with many innate risks. In fact, it is estimated that 9 out of every 10 startups fail. Yet every year thousands of companies think that they will be the one in ten who succeed and try anyhow. While there are no guarantees in the business world there are steps that can be taken to maximize the possibility that your startup is successful. That is exactly the idea behind the business that Glen Wakeman has created which he calls Launchpad Holdings, LLC (Releasefacts). Launchpad is given the name because it seeks to give aspiring entrepreneurs a place to start and begin to have their business dreams realized. Wakeman created the company as a way to invest in the startups that he views as having the most potential to succeed. All of this is possible because of Glen Wakeman’s long and successful career in the business world and his many connections within a variety of sectors. One of the biggest factors that has led to Wakeman’s career successes is his keen ability to mitigate risks in all aspects of business ventures. By minimizing risks he is able to maximize the chance that a profit can be realized. Unknowns and unforeseen events are frequently the cause of startups to fail and by pairing with a veteran in the space you are able to have more eyes on potential hazards that may be up ahead. Wakeman wants to increase the probability that the startup is successful. If the startup succeeds then so does Launchpad Holdings so there is a mutual interest between the two partnering entities. Wakeman is especially excited of how machine learning will impact the businesses around us and hopes to invest in a startup that can effectively utilize this type of technology to solve a plethora of problems that are to complicated or too quickly changing for humans to be able to analyze and have an impact on. People like Glen Wakeman give startups an opportunity to succeed in an otherwise brutal business environment. If we are to invest in our future and continue to prop up the innovators of tomorrow then more business leaders would follow in his footsteps.