Awesome infographic from the folks over at visual.ly on Why Startups Fail.
If you haven’t got a chance to use visual.ly for your custom infographics, you should give it a try.
Awesome infographic from the folks over at visual.ly on Why Startups Fail.
If you haven’t got a chance to use visual.ly for your custom infographics, you should give it a try.
I agree with the above explanation for why startups fail, however there is something missing, namely the life cycle of vision. Every business is lead by a fighter, hopefully. At any time a fighter can quit and give up the ghost. If you wish to learn about the life cycle of vision, run a marathon. The half way point is mile 24 of a 26+ mile race. I would like to see your graphical analysis of failure tied to a marathon. In other words, when money comes too soon, the model is usually limp. You need to have your back against the wall for a long time to build a better approach. Struggle builds better teams and a better product. In short, startups need to run the marathon. They need to cross the line on their own, with maybe a small about of seed money, their own and maybe a friend or two, or some cofounders jumping in to help them along like crowds yelling alongside the road to “keep it up,” but mostly they need to run the race to build their model, their team, their vision, and their value. I think startups fail because they were never prepared for the race and they want and easy out too soon.
I’d love to see some examples of start-ups that were inconsistent in any of these stages, and that either completely failed or picked up and became bigger.