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Mridul Das

Introvert!ย โ€ขย 7m

Why Do Startups Fail? ๐Ÿ’”๐Ÿ“‰ this is what statistic says(globally) Building a startup is tough, and here are the top reasons why they donโ€™t make it: 1๏ธโƒฃ Ran out of cash / failed to raise funds โ€“ 38% 2๏ธโƒฃ No market need โ€“ 35% 3๏ธโƒฃ Got outcompeted โ€“ 20% 4๏ธโƒฃ Flawed business model โ€“ 19% 5๏ธโƒฃ Regulatory/legal challenges โ€“ 18% โš–๏ธ 6๏ธโƒฃ Pricing/cost issues โ€“ 15% 7๏ธโƒฃ Not the right team โ€“ 14% 8๏ธโƒฃ Product mistimed โ€“ 10% 9๏ธโƒฃ Poor product โ€“ 8% ๐Ÿ”Ÿ Disharmony among team/investors โ€“ 7% 1๏ธโƒฃ1๏ธโƒฃ Pivot gone bad โ€“ 6% ๐Ÿ”„ 1๏ธโƒฃ2๏ธโƒฃ Burned out / lacked passion โ€“ 5% Startups are risky, but learning from failures can lead to success! ๐Ÿš€

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