Startup Mistakes: First-Hand Lessons from 80+ Failed Startups

Startup Mistakes: First-Hand Lessons from 80+ Failed Startups

Failory analyzed why +80 startups have failed and identified some of their common mistakes.

Product-market fit was a big reason, but other issues like failure to monetize and lack of experience were also common.

Lack of financing was not a major problem.

When asked what they would do differently many mentioned the importance of  the lean startup concept.

‘Lean: validation – talk to customers, test your assumptions, and find a market before you invest a considerable amount of time, effort, and money into an idea. Mentioned directly 20 times.’

Lean: MVP – build your prototype (the thing you’d use to test the market) as quickly and cheaply as possible. Iterate often. “

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