Start-up wisdom

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The document lists the top 10 reasons why startups fail and provides advice for avoiding common pitfalls. It warns against having a single founder, the wrong team composition, being too marketing or tech-focused without balance. Other risks include choosing the wrong legal support, attempting to do too much at once, not listening to customers, remaining in stealth mode too long, being slow to launch, refusing to change initial ideas, choosing the wrong location, and suffering from "founder-itis" where the founder believes they can do everything or makes poor financial decisions. The document recommends following your intuition, thoroughly vetting potential lawyers and investors, including customers in the product development process, and not taking investment funds without accountability.

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Caroline Cummings Director of Entrepreneurial Development | Eugene Chamber of Commerce Start-up

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