5 Steps to Failing your Startup - Efactor (2011)

2,139 views

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
2,139
On SlideShare
0
From Embeds
0
Number of Embeds
155
Actions
Shares
0
Downloads
27
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • PayByTouch > $50M dissapearedFriendster
  • 5 Steps to Failing your Startup - Efactor (2011)

    1. 1. 5 Steps to Failing your Startup<br />Chris McCann<br />@Mccannatron<br />
    2. 2.
    3. 3.
    4. 4. Why?<br />
    5. 5. Here are 5 observations I’ve seen#Failure<br />
    6. 6. Co-Founder Relationships<br />
    7. 7. Co-Founder Relationships<br />Can’t work well together<br />Circumstances (Marriage, Newborn)<br />Just don’t get along <br />Immoral personality type<br />
    8. 8. Inability to attract and retain critical mass of users<br />Paypal, Linkedin, Slide, Square, Yelp, Milo, Yammer, etc<br />
    9. 9. Inability to attract and retain critical mass of users<br />Customer acquisition is difficult <br />Clear value proposition<br />Take attention away from current stresses<br />
    10. 10. Build something nobody wants<br />IMVU, KCPB, Lean Startup<br />
    11. 11. Build something nobody wants<br />“Stealth Mode” fallacy <br />2 year product development<br />One huge launch<br />Not getting real customer feedback<br />
    12. 12. Market is not there<br />Mysites<br />
    13. 13. Market is not there<br />You are way to early<br />You are too early<br />There is no market there<br />There is a market but it’s way to small<br />
    14. 14. Cash Flow / Funding<br />
    15. 15. Cash Flow / Funding<br />Month to month liquid cash irregularity<br />Immediate payments<br />Cannot raise money because of the company/team<br />
    16. 16. Bonus: Not a Real Entrepreneur<br />
    17. 17. Not a Real (High Growth) Entrepreneur<br />Not the right risk appetite <br />Create a job and not a company<br />Doesn’t hustle <br />Not the right personality type<br />
    18. 18. Summary<br />Co-Founder Relationships<br />Retaining customers/users<br />Build something nobody wants<br />Market is not there<br />Cash flow / funding<br />Bonus: Not a real entrepreneur<br />
    19. 19. Questions?<br />Chris McCann<br />@McCannatron<br />chris@startupdigest.com<br />Can you build a successful startup outside of Silicon Valley<br />What are some epic startup failures?<br />Can you launch too early?<br />What are x for y startups?<br />Can I do a startup if I have a full time job?<br />What about platform risk?<br />What about single founder startups?<br />What are some epic startup failures turned success?<br />

    ×