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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Saket Sambhav
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Good points. I think #7 (Not the right team) is often underestimated. A strong team can cover many other challenges on this list. Conversely, even a great idea can fail with team issues.
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A. No Market Need...
B. Running Out of Cash...
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D. Bad Team....
E. Tough Competition....
F. Pricing Issues...
G. Poor Marketing...
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Hereโs a quick list of failed Indian startups:
1. Zilingo โ Shut down due to financial mismanagement.
2. Fynd โ Failed due to stiff competition and unsustainable profits.
3. Katerra India โ Shutdown due to poor execution and market adaptation is
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