Why Startups Die
6 days ago
- #failure
- #entrepreneurship
- #startups
- Startups rarely die from competition but from internal issues ('suicide').
- Common internal issues include founder burnout, team disagreements, and loss of focus.
- Running out of money is often a symptom of deeper problems like lack of product-market fit.
- Co-founder conflict is a major cause of startup failure, cited in 65% of cases.
- Loss of focus and founder burnout can lead to startups losing momentum and failing.
- Key survival strategies include choosing co-founders wisely, achieving product-market fit, and managing finances carefully.
- Maintaining a healthy team culture and staying committed are crucial for startup success.