Root Cause Analysis -
Why Do Startups Fail?
90% of startups fail.
On the surface
They fail to find the product-market fit.
They fail to make or raise money.
don't have enough time, resources, or experience to make it work on time.
are bombarded with many competing products in the market and won't trust a starter brand easily.
don't bet on products that show high growth and high ROI potential.
Hard core truth
Product or service that the startup is offering is not something that the market wants or needs.
Startup teams are unable to build a product that is valuable for their target market fast enough.
Startup teams fail to tell the story of their product accurately to reach the customers.
Competitors or established players steal the new startup's slice of the pie.
Most startups don't have enough time to mature and self-sustain before they can hit desirable high growth metrics that the current investor eco-system favors.
Startups by nature travel an uncharted territory. There is no single formula to success. Only guidance and anecdotes from previously success and failure stories.
Entrepreneurs jump into the startup adventure with many unknowns and limited resources.
Startups often fail to address the root causes of their eco-system.
Opportunities for solution:
A centralized space for startups to establish their business strategy from the get go, follow the original vision's evolution and scale up with self-awareness and control.