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
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Nikhil Raj Singh
Serial Entrepreneur ...ย โขย 1m
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PRATHAM
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Timing > Execution > Idea
The idea is shit and has no value but its execution does. Moreover Timing is much more important.
Take an Example of YouTube; While the internet was booming the idea of starting a video streaming platform ( It was pivoted
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Sankalp
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Startups need two things: timing and tension. If your product isnโt creating tension, no one cares.