From lack of product-market match to disharmony on the group, we break down the highest 20 causes for startup failure by analyzing 101 startup failure post-mortems.
After we compiled our checklist of startup failure post-mortems, some of the frequent requests we bought was to make use of these posts to determine the primary causes startups failed.
Startups, companies, traders, financial growth people, lecturers, and journalists all wished some perception into the query:
“What are the explanations startups fail?”
So a analysis agency gave these post-mortems the CB Insights’ information remedy to see if we might reply to this query.
After studying by way of each single of the 101 postmortems, we’ve discovered there’s not often one purpose for a single startup’s failure. Nonetheless, we did start to see a sample to those tales.
Since many startups provided a number of causes for his or her failure, you’ll see the chart highlighting the highest 20 causes doesn’t add as much as 100% (it far exceeds it).
Following the chart is an evidence of every purpose and related examples from the postmortems.
There’s definitely no survivorship bias right here. However many very related classes for anybody within the entrepreneurial ecosystem.
It’s price noting that the sort of data-driven evaluation wouldn’t be doable without a lot of founders being brave sufficient to share tales of their startup’s demise with the world. So a giant thanks to them.
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purshoLOGY.com-The Top 20 Reasons Startups Fail.