Top 10 Reasons Startups Fail
-
Upload
caroline-cummings -
Category
Business
-
view
369 -
download
2
description
Transcript of Top 10 Reasons Startups Fail
Top 10 Reasons Why a Start-up FailsTop 10 Reasons Why a Start-up Fails
Caroline Cummings | vp of marketing
Small Wages.Bitter Cold,
Long Months of Complete Darkness.
Men WanedFor Hazardous
Journey.
Constant Danger,
Ernest Shackelton
Safe ReturnDoubtful.
Honour & RecognitionIn Case of Success.
By Endurance, We Conquer!
The Wrong Team1
Marketing-Heavy
Tech-Heavy1
The Single Founder
2
Finding the Right Co-FounderFinding the Right Co-Founder
What you can do
Public speaking
Press releases
Copywriting
Editing
Social Media
Email marketing
Google Analytics
Write plans
Graphic design
What you like to do
X
X
X
X
X
Missing skill-sets
Programming
SEO
SEM
Financials
HR
Biz Dev
…
Wrong Legal Team!
3
Trust Your Gut!!!
Interviewing attorneys…• Work with your industry before?• How much time for you?• Who else if they are not available?• Raised rounds of financing?• If so, create/read a Capitalization Table?• Compensation packages for new hires?• IP protection?• Global expansion?• Experience with exits – M&As, IPO?
Boiling the Ocean4
Not Talking to Customers5
Include Customers in your R&D
AskListenImplementRewardThank
Stealth to Long..
6
Slow to Launch…
6
Stuck on Original Idea7
MVP
Taking “Dumb Money”
8
8
Smart money brings…
Business experience Management experience Maturity Contacts Mentorship Challenge …
Founder-itis!
9
Ideators
Innovators
Starters
Growers
Exiters
Spending too much
money
10
How to avoid these mistakes?
Mentors, advisers Continued education Proper planning Always tracking Being agile Adjusting…