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Fact: 90% of startups fail. How will they Fail?
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- AbnAsia.org
- @steven_n_t
Here are 15 mistakes to check. Are you making one or many of these mistakes?
Fact: 90% of startups fail.
Even the best founders can fall into hidden traps.
Here are 15 mistakes to avoid (according to Y Combinator):
- Single Founder
- Bad Location
- Marginal Niche
- Derivative Idea
- Obstinacy
- Hiring Bad Programmers
- Choosing the Wrong Platform
- Slowness in Launching
- Launching Too Early
- Having No Specific User in Mind
- Raising Too Little Money
- Spending Too Much
- Raising Too Much Money
- Poor Investor Management
- Sacrificing Users to (Supposed) Profit
Chris Tottman often advises founders to focus on flexibility, user-first principles, and scaling responsibly.
These are the antidotes to some of the most common pitfalls.
What other mistakes do you think founders should watch out for? Let’s discuss.
Author
AiUTOMATING PEOPLE, ABN ASIA was founded by people with deep roots in academia, with work experience in the US, Holland, Hungary, Japan, South Korea, Singapore, and Vietnam. ABN Asia is where academia and technology meet opportunity. With our cutting-edge solutions and competent software development services, we're helping businesses level up and take on the global scene. Our commitment: Faster. Better. More reliable. In most cases: Cheaper as well.
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