TLDR
According to an estimate 9 out of 10 startups end up failing. The reasons for failure may depend upon various factors like insufficient funding, incompetent team, and lack of motivation. Entrepreneurs tend to think of their products as revolutionary very early on, which is a good thing. Not testing with prototypes and not surveying the market is a big no-no, most founders fail to understand what their products will achieve and hence their downfall begins. Failure to market your product is also a big cause of failure.via the TL;DR App
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Written by julie99 | Technologist and product experience leader that bridges business, engineering, and design. Part-time researcher.
