Why Do Many Startups Fail?

Medium (03/24/2020)
  • Stubborn Founders – Many startups fail because founders continue with an original idea even after its proven to be flawed and refuse to pivot (tweak or change product or service) to something else.
  • “Founders fail themselves, long before they fail their startup”.
  • Ego Blow – Many founders would rather continue allocating time and resources to make a broken original idea successful.
  • Key Takeaway – A startup should be judged on the nature of the business idea and the founder(s) willingness to change.