Some claim that risk management is vital for businesses. We are advised to use risk management frameworks estimating likelihood to happen and consequences for the operations of known probable events. Risk management processes developed for larger organizations are quite rigorous and may not be well suited for startups. Startup risk management is essential but should rather be integrated in all actions and not be run as a separate process. Running a startup is in essence handling risk or uncertainty. The responsibility and role of a large organization risk manager is in a startup rather part of the founding team DNA. Asking young successful entrepreneurs What is one risk management tactic you implemented during the early stages of your business to protect you and the company? you get quite good advice and answers. Looking at the answers published by the Huffington Post, further emphasize that risk management can be seen as another term for running a growing small company under quite uncertain conditions. It’s all about minimizing risk while maximizing opportunity for sound, steady and sensible growth. Tools, as the risk management framework referred to above, may still be a good when evaluating a venture or to capture risks from the staff.