Most common reasons behind Startup Failure ?

3

What are the most common reasons behind startup failure?

Some of the reasons i learned:

  • Thinking that you have "The Big Picture" though in reality you don't.
  • Not listening to "experienced" people's thoughts and ideas.
  • Trying to "reinvent the wheel" when it is not really needed.(ex: wasting time developing solutions for internal company usage, when there is already free software that covers the tasks needed and more),
  • Being Creative in the wrong way (ex: making the wheel squared).

    • i was hoping for some insight from people with experience to verify these points and add their own if possible.

    TIA.

    asked Jan 25 '10 at 08:46

    Madi%20D.'s gravatar image

    Madi D.
    151●6

    edited Jan 25 '10 at 15:13

    5 Answers:
    oldest answersnewest answerspopular answers
    1

    Here's my list:

    • You're not 100% committed.
    • You're not solving a problem
    • You don't have a reasonable budget

    ...

    answered Jan 25 '10 at 13:11

    Elie%20Khoury's gravatar image

    Elie Khoury ♦♦
    296●4
    1

    I would add: giving up quickly

    answered Jan 26 '10 at 09:20

    Adel's gravatar image

    Adel
    302●1●12
    0

    The 18 mistakes that kill startups. An essay by Paul Graham.

    I do not agree with him about all the reasons, but generally these are the reasons identified by Paul:

    1. Single Founder
    2. Bad Location
    3. Marginal Niche
    4. Derivative Idea
    5. Obstinacy
    6. Hiring Bad Programmers
    7. Choosing the Wrong Platform
    8. Slowness in Launching
    9. Launching Too Early
    10. Having No Specific User in Mind
    11. Raising Too Little Money
    12. Spending Too Much
    13. Raising Too Much Money
    14. Poor Investor Management
    15. Sacrificing Users to (Supposed) Profit
    16. Not Wanting to Get Your Hands Dirty
    17. Fights Between Founders
    18. A Half-Hearted Effort

    answered Jan 28 '10 at 23:15

    Mohammed%20SAHLI's gravatar image

    Mohammed SAHLI ♦
    1081●1●1●15
    0

    I'm wondering if working on more than one project at the same time is considered a reason for startup failure?

    answered Jan 28 '10 at 23:23

    Ashraf%20Samhouri's gravatar image

    Ashraf Samhouri
    103●4
    0

    They wrote all my ideas. What am I supposed to write now... ? You must very well prepared. Oferte cazare munte

    answered Dec 21 '11 at 07:58

    matilda's gravatar image

    matilda
    1
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