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Seven reasons why software startups fail

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So the team got this amazing new idea which has the potential of creating a Billion Dollar valuation enterprise. Couple of months later with the funding drying up; one of the founder leaving for ...

So the team got this amazing new idea which has the potential of creating a Billion Dollar valuation enterprise. Couple of months later with the funding drying up; one of the founder leaving for greener pastures, the first beta client that was supposed to sign the Six Figure contract not happening, we have all the signs of another idea ready to bite the dust. These phenomenons are not a rarity but something that we see all around us. The presentation attempts to identify the risk and strategy to overcome them.

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Seven reasons why software startups fail Seven reasons why software startups fail Presentation Transcript

  • Seven reasons why Software Startups Fail? Mrinal Singh mrinalasingh@gmail.com Skype: mrinalasingh
  • Lack of Technology expertiseWINKLEVOSS TWINS, MARKZUCKERBERG- THE SOCIALNETWORK-Successful software startup would haveone of its key executives with asubstantial degree of technologyexpertise
  • Time to MarketProduct shipped at right time- First Mover Advantage Rocks buteven then a good idea might be lost if the product is brought intothe market at a fast pace with unresolved issues
  • Cash FlowEnsure that you have a business model that has taken intoconsideration both Cash flow and burn
  • Adaptive enterpriseAdaptive to changing market needs , fast paced innovation drivenenvironment , incorporate the market inputs
  • Strategy
  • Identify the NicheIdentify and define your niche develop a solution that addresses thatin the best possible manner
  • MultitaskingProduct development, hiring or sales- Initial set of activities should bedriven by founders
  • This is not an exhaustive list and there can be changes depending on a number of factors but if we keep in consideration these factors we are ensuring the foundation of a successful enterprise