Nine out of ten startups will fail.
There are a plenty of reasons why a startup will fail. If no one wants your product, or it’s too early in the market, your startup is not going to succeed. Burning cash too fast or failing to acquire investment and sufficient capital will drown your startup.
And the list of reasons for startup failure doesn’t end here.
According to the latest data from CB Insights, 70% of startup tech companies fail, usually about 20 months after first raising financing. From lack of product-market fit to poor marketing, in the infographic given below, they have listed the top 20 reasons for startup failure by analyzing 101 startup failure post-mortems.
With the help of this infographic data, you can evaluate your own startup business to make sure you are not making any of these mistakes.
Top Reasons Why Startup Fail, Credit: CB Insights