Caroline Cummings Director of Entrepreneurial Development | Eugene Chamber of Commerce Start-up
Top 10 Reasons Why A Start-up Fails
The Single Founder 1
The Wrong Team 2
Marketing-Heavy Tech-Heavy 2
Wrong Legal Team! 3
Boiling the Ocean 4
Not Talking to Customers 5
Stealth to Long.. 6
Slow to Launch… 6
Stuck on Original Idea 7
Wrong Location! 8
Founder-itis! 9
Spending  too much money 10
Lessons…
Go With Your Gut!!!
Ask potential business attorney… Emerging growth  business before? How much  time  for you? Raised  multiple rounds  of financing? Create/Read a  Capitalization Table ? Developed a  PPM ? Compensation packages  for new hires? IP  protection? Global  expansion ? Experience with  exits  – M&As, IPO, quit? Talk to current/former  client ?
Date BEFORE Marriage!
Key Team Must Have Skin in the Game!
Don’t Take “Dumb Money”
Include Customers in your R&D Ask Listen Do Thank Include

Start-up wisdom