Why Do Startups Fail? ๐๐ this is what statistic says(globally) Building a startup is tough, and here are the top reasons why they donโt make it: 1๏ธโฃ Ran out of cash / failed to raise funds โ 38% 2๏ธโฃ No market need โ 35% 3๏ธโฃ Got outcompeted โ 20% 4๏ธโฃ Flawed business model โ 19% 5๏ธโฃ Regulatory/legal challenges โ 18% โ๏ธ 6๏ธโฃ Pricing/cost issues โ 15% 7๏ธโฃ Not the right team โ 14% 8๏ธโฃ Product mistimed โ 10% 9๏ธโฃ Poor product โ 8% ๐ Disharmony among team/investors โ 7% 1๏ธโฃ1๏ธโฃ Pivot gone bad โ 6% ๐ 1๏ธโฃ2๏ธโฃ Burned out / lacked passion โ 5% Startups are risky, but learning from failures can lead to success! ๐
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