10 SIGNSTHATYOUR
STARTUP IS LIKELYTO FAIL
Friday, October 4, 13
10 SIGNSTHATYOUR
STARTUP IS LIKELYTO FAIL
AKA
You are going down the sh*t creak, with no paddle
Friday, October 4, 13
1.YOU HAVETROUBLE HIRING
There is a big difference between “we cannot find a developer” and “No developer
wants to work wit...
2. SCALING BUT NOVALIDATING
Scaling only applies when you get to the product market fit. Once you have it - you will
know i...
2. SCALING BUT NOVALIDATING
Scaling only applies when you get to the product market fit. Once you have it - you will
know i...
3.YOU HAVETROUBLE SHIPPING
If you are not shipping you are not learning. If you are not learning you are not validating
an...
4. NOT WORKING FULLTIME
Part time effort - part time success. If you do not believe in your idea enough to
commit 100% how...
4. NOT WORKING FULLTIME
Friday, October 4, 13
4. NOT WORKING FULLTIME
Friday, October 4, 13
5. MORETHAN 3 COFOUNDERS
Plan to “loose” 20% of equity at each round of financing. Successful companies will have
3-5 round...
5. MORETHAN 3 COFOUNDERS
Friday, October 4, 13
6. EVERYONE LOOKSTHE SAME
This happens when few buddies get together to work on a “cool startup by bros”.
Everyone has the...
6. EVERYONE LOOKSTHE SAME
This happens when few buddies get together to work on a “cool startup by bros”.
Everyone has the...
6. EVERYONE LOOKSTHE SAME
Business heavy founding teams are more likely to succeed with a startup that requires
enterprise...
7. NOTECH COFOUNDERS
Without a tech cofounder you are building your house on sand. Business guys/gals
have traditionally h...
7. NOTECH COFOUNDERS
Friday, October 4, 13
8. NO PIVOTS ORTOO MANY
Friday, October 4, 13
8. NO PIVOTS ORTOO MANY
Friday, October 4, 13
9. IGNORE FEEDBACK
So easy to fall in the trap of ignoring customer and mentor feedback or fall in the
confirmation-bias tr...
10. FALLING IN LOVE WITHTHE
STARTUP STAGE
Friday, October 4, 13
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10 Signs that your startup is likely to fail

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10 signs and indicators that your startup is likely to fail.

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10 Signs that your startup is likely to fail

  1. 1. 10 SIGNSTHATYOUR STARTUP IS LIKELYTO FAIL Friday, October 4, 13
  2. 2. 10 SIGNSTHATYOUR STARTUP IS LIKELYTO FAIL AKA You are going down the sh*t creak, with no paddle Friday, October 4, 13
  3. 3. 1.YOU HAVETROUBLE HIRING There is a big difference between “we cannot find a developer” and “No developer wants to work with us” Friday, October 4, 13
  4. 4. 2. SCALING BUT NOVALIDATING Scaling only applies when you get to the product market fit. Once you have it - you will know it. Friday, October 4, 13
  5. 5. 2. SCALING BUT NOVALIDATING Scaling only applies when you get to the product market fit. Once you have it - you will know it. Premature scaling is the MAIN KILLER of startups Friday, October 4, 13
  6. 6. 3.YOU HAVETROUBLE SHIPPING If you are not shipping you are not learning. If you are not learning you are not validating and if you are not validating you will fail eventually. Friday, October 4, 13
  7. 7. 4. NOT WORKING FULLTIME Part time effort - part time success. If you do not believe in your idea enough to commit 100% how will you sell to potential hires and investors? Friday, October 4, 13
  8. 8. 4. NOT WORKING FULLTIME Friday, October 4, 13
  9. 9. 4. NOT WORKING FULLTIME Friday, October 4, 13
  10. 10. 5. MORETHAN 3 COFOUNDERS Plan to “loose” 20% of equity at each round of financing. Successful companies will have 3-5 rounds of funding on average by the time they exit or (way less often) IPO. How much do you think you will be left with at the end? People loose motivation. Friday, October 4, 13
  11. 11. 5. MORETHAN 3 COFOUNDERS Friday, October 4, 13
  12. 12. 6. EVERYONE LOOKSTHE SAME This happens when few buddies get together to work on a “cool startup by bros”. Everyone has the same skills and big gaps end up unfilled. Friday, October 4, 13
  13. 13. 6. EVERYONE LOOKSTHE SAME This happens when few buddies get together to work on a “cool startup by bros”. Everyone has the same skills and big gaps end up unfilled. How can you tell? Friday, October 4, 13
  14. 14. 6. EVERYONE LOOKSTHE SAME Business heavy founding teams are more likely to succeed with a startup that requires enterprise sales, but technical heavy founding teams are more likely to succeed with a self-service consumer Internet startup. Friday, October 4, 13
  15. 15. 7. NOTECH COFOUNDERS Without a tech cofounder you are building your house on sand. Business guys/gals have traditionally had a lot of trouble hiring developers, estimating cost structure of build etc. Friday, October 4, 13
  16. 16. 7. NOTECH COFOUNDERS Friday, October 4, 13
  17. 17. 8. NO PIVOTS ORTOO MANY Friday, October 4, 13
  18. 18. 8. NO PIVOTS ORTOO MANY Friday, October 4, 13
  19. 19. 9. IGNORE FEEDBACK So easy to fall in the trap of ignoring customer and mentor feedback or fall in the confirmation-bias trap. Friday, October 4, 13
  20. 20. 10. FALLING IN LOVE WITHTHE STARTUP STAGE Friday, October 4, 13

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