Top 10 Reasons Startups Fail

27
Top 10 Reasons Why a Start-up Top 10 Reasons Why a Start-up Fails Fails line Cummings | vp of marketing

description

 

Transcript of Top 10 Reasons Startups Fail

Page 1: 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

Page 2: Top 10 Reasons Startups Fail

Small Wages.Bitter Cold,

Long Months of Complete Darkness.

Men WanedFor Hazardous

Journey.

Page 3: Top 10 Reasons Startups Fail

Constant Danger,

Ernest Shackelton

Safe ReturnDoubtful.

Honour & RecognitionIn Case of Success.

Page 4: Top 10 Reasons Startups Fail

By Endurance, We Conquer!

Page 5: Top 10 Reasons Startups Fail

The Wrong Team1

Page 6: Top 10 Reasons Startups Fail

Marketing-Heavy

Tech-Heavy1

Page 7: Top 10 Reasons Startups Fail

The Single Founder

2

Page 8: Top 10 Reasons Startups Fail

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

Page 9: Top 10 Reasons Startups Fail

Wrong Legal Team!

3

Page 10: Top 10 Reasons Startups Fail

Trust Your Gut!!!

Page 11: Top 10 Reasons Startups Fail

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?

Page 12: Top 10 Reasons Startups Fail

Boiling the Ocean4

Page 13: Top 10 Reasons Startups Fail

Not Talking to Customers5

Page 14: Top 10 Reasons Startups Fail

Include Customers in your R&D

AskListenImplementRewardThank

Page 15: Top 10 Reasons Startups Fail

Stealth to Long..

6

Page 16: Top 10 Reasons Startups Fail

Slow to Launch…

6

Page 17: Top 10 Reasons Startups Fail
Page 18: Top 10 Reasons Startups Fail

Stuck on Original Idea7

Page 19: Top 10 Reasons Startups Fail
Page 20: Top 10 Reasons Startups Fail

MVP

Page 21: Top 10 Reasons Startups Fail

Taking “Dumb Money”

8

8

Page 22: Top 10 Reasons Startups Fail

Smart money brings…

Business experience Management experience Maturity Contacts Mentorship Challenge …

Page 23: Top 10 Reasons Startups Fail

Founder-itis!

9

Page 24: Top 10 Reasons Startups Fail

Ideators

Innovators

Starters

Growers

Exiters

Page 25: Top 10 Reasons Startups Fail

Spending too much

money

10

Page 26: Top 10 Reasons Startups Fail

How to avoid these mistakes?

Mentors, advisers Continued education Proper planning Always tracking Being agile Adjusting…

Page 27: Top 10 Reasons Startups Fail

Caroline CummingsVP of Marketing, Palo Alto Software

[email protected]

Questions?Questions?