Top 10 Reasons Startups Fail Presentation Transcript
Top 10 Reasons Why a Start-up FailsCaroline Cummings | vp of marketing
Men Waned For Hazardous Journey. Small Wages. Bitter Cold, Long Months ofComplete Darkness.
Constant Danger, Safe Return Doubtful.Honour & Recognition In Case of Success. Ernest Shackelton
By Endurance, We Conquer!
The Wrong Team1
The Single Founder2
Finding the Right Co-FounderWhat you can do What you like to do Missing skill-sets Public speaking X Press releases Programming Copywriting X SEO Editing SEM Social Media Financials Email marketing X HR Google Analytics X Write plans Biz Dev X Graphic design …
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?
4 Boiling the Ocean
Not Talking to Customers5
Include Customers in your R&D Ask Listen Implement Reward Thank