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TakethePlunge
March 2016 Edition
WHAT DO WE KNOW?
This is where startups happen!
Friends and Family - Folks you get your
initial capital from
Why Startups Fail?
0 3.5 7 10.5 14 17.5
No Market Fit (14%)
Ran out of Cash (9.66%)
Wrong Team (7.66%)
Get Outocompeted (6.33%)
Pricing/Cost Problems (6%)
Poor Product (5.66%)
Business Model Problems (5.66%)
Poor Marketing (4.66%)
Ignore Customers (4.66%)
Product Mis-Timed (4.33%)
Lose Focus (4.33%)
Disharmony on Team/Investors (4.33%)
Pivot Gone Bad (3.33%)
Lack Passion (3%)
Bad Location (3%)
Lack of Investor Interest (2.66%)
Legal Challenges (2.66%)
No Network/Advisors (2.66%)
Burn Out (2.66%)
Failure to Pivot (2.33%)
Source: cbinsights.com
Don’t Take Yourself too Seriously…
THINK
OF
THE
IDEA
AS
A
PROJECT
TALK TO PEOPLE
PRIORITISE
TEAM
FUNDING
RECAP
• Don’t take yourself seriously
• Think of the idea as a project
• Talk to people
• Prioritise
• Team
• Funding
Take The Plunge

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