Big Mistakes Made by Failed Startups

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Posted by ivanpw under Startups
From https://www.noobpreneur.com 2276 days ago
Made Hot by: fundpr on September 13, 2018 8:22 am

Now there are more startups starting up from ever because of population and economic issues compared to a few years ago.

Here is 4 big mistakes that failed startups make, which are easily avoided.

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Comments

Written by lyceum
2245 days ago

Ivan: Thanks for your input. I have to “chew” this topic... ;)

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Written by Rbacal
2270 days ago

I don't know about the lazy one, but the others are good, particularly the one on growth.

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Written by Risk-matters
2273 days ago

Point number 2 seems to be the encouraged approach nowadays, you don't profitably or even on the path to profit before expanding as long as you can get further venture capital.

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Written by ivanpw
2245 days ago

Yes - the aim is the sky-high valuation, and jumping from one funding series to another... then hopefully, a major investor/group of investor would acquire the startup. A nice plan, but only a few can pull it off.

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Written by lyceum
2273 days ago

Ivan: Which is the biggest mistake at the moment, do you think?

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Written by ivanpw
2245 days ago

I think the lazy part is pretty rampant. I should replace lazy with entitled... everyone wants to be an entrepreneur, but not many want to pay the price. The difference between bootstrapping and venture funding is real: The former pushes you to be profitable; the latter pushes you to be bigger; and in startup land, bigger is not always more profitable :)

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