Question
I've read several materials on startup failures including posts by Paul Graham and Steve Blank on the topic. I'm curious what other reasons aside from lack of customer development, product market fit and co-founder problems. Anything to add? Thanks!
Answer
Hi
More than 50% of startup failed each year globally.
Reasons:
1. Absence of clear vision of future company
2. Founder is not able to find the proper team
3. Not enough resources to finance the activity till the product/service will be launched
4. Poor project management skills
5. Lack of priorities, absent of clear strategy
6. Vague market assessment
7. Underestimate of competitors reaction
8. Wrong pricing strategy
9. Wrong communication strategy
