Jun 11, 2014

10 Reasons for Startup Failures in 2014

10 Reasons for Startup Failures in 2014


It’s fine to celebrate success but it is more important to heed the lessons of failure - Bill Gates

WHY STARTUPS FAILED? - POST ANALYSIS STATEMENTS 
  1. Building a solution for a problem that didn't exist
  2. Not solving a real human need
  3. Not validating assumptions
  4. Not able to secure additional funding
  5. Not able to scale to become a self-sustaining business
  6. Public acceptance for the solution will require more time and resources
  7. Couldn't hire a team who could provide expertise, credibility, and connections
  8. Unable to get dollars flowing from the marketplace to line up with expense structure
  9. Spent too much time on the product and not enough time on growth and distribution
  10. We rarely had meaningful conversations with our target end-users

STARTUP ADVICE ON FAILURES
It is better to fail fast, than to have a slow death





tgas: startup failures, INDIA

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