Founder & CEO | Fits...ย โขย 26d
Why Do Startups Shut Down? Here are the most common reasons (from multiple studies like CB Insights): 1. No Market Need (35โ42%) The product or service doesnโt solve a real problem or nobody wants it. 2. Ran Out of Cash (30โ38%) Poor financial planning or inability to raise more money. 3. Wrong Team (20โ23%) Lack of skills, conflict among founders, or weak execution. 4. Outcompeted (19โ20%) Bigger or better competitors take over the market. 5. Pricing/Cost Issues (15%) Product too expensive, or margins too low to sustain the business. 6. Poor Marketing (14%) Couldnโt reach customers or misunderstood the target audience. 7. Product Problems (13%) Bugs, poor user experience, or not meeting customer needs. 8. Lack of Business Model (10%) No clear way to generate revenue or scale profitably. 9. Legal or Regulatory Issues Especially in sectors like fintech, healthcare, or crypto. 10. Burnout or Founder Disputes Mental health issues or conflicts within the founding team. What do you think about this?
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