Over the years, I have often pondered the reasons that startups, especially promising startups, fail. I once asked a good friend who is on the “investor” side, if he could identify any really unusual ways that startups failed, as I could not. He couldn’t either.
The truth is, most startups fail, not because the technology is too hard or doesn’t work. Most startups fail because of mistakes, simple and avoidable mistakes that are well known to people who work a lot with entrepreneurs.
So, I decided to create a list of ways entrepreneurs mess up their startups for our VentureWrench community. I started out with a target of 25, but I end up with 50!
Try and avoid these, check them out here!