Comments on: If you’re being honest with yourself, what is biggest reason your company failed? https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/ A place for startups to share stories and ask questions anonymously Wed, 17 Jan 2024 08:52:09 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: https://upx1688.online/ https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/51789 Wed, 17 Jan 2024 08:52:09 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-51789 … [Trackback]

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]]> By: Anonymous https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/949 Wed, 12 Mar 2014 03:08:46 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-949 Procrastination.

]]> By: Anonymous https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/99 Mon, 27 Jan 2014 19:40:05 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-99 In reply to Anonymous.

Didn’t figure out Product-Market fit before launching.

Wish I had this free course by Steve Blank back then (How to Build a Startup):
https://www.udacity.com/course/ep245

]]> By: Anonymous https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/72 Fri, 24 Jan 2014 20:18:12 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-72 Lack of funding. When you use you personal account while your competitors get millions in Angel money + follow up money..
Second – connections – most start-ups will use VC’s “connections” to get acquired – same money flowing form one company to another..
Pension funds, govt etc. A few phone calls and if you have at least some half decent product you are the new “hot thing”.
So mostly you fail because you can;t get financed (for various reasons mainly because you are not in US). or because you are a idiot. Or because you need tons of luck. Any combination of the above applies :-). for a start-up from “outside the system” it is very difficult.
However once you are connected even an idiot can make a billion. With a little luck (facebook for example).

]]> By: Anonymous https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/47 Wed, 22 Jan 2014 14:13:10 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-47 If we’re being honest, I think the demise of my startup stems from my cofounder and I were never truly interested in solving our target market’s problem. We made the mistake of building something for other people because it seemed like a great opportunity. The reality is that after the honeymoon phase of building a new startup wears off, it’s tough to really grind it out. We eventually lost our energy and interest, and moved on after never really getting enough traction.

]]> By: Anonymous https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/46 Wed, 22 Jan 2014 10:14:20 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-46 Financial management + rapid growth = the demise of my old company. We had great ideas and great work, however we undersold ourselves massively because we didn’t understand the marketplace well enough and didn’t do our homework in pricing ourselves up properly.

]]> By: Anonymous https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/44 Wed, 22 Jan 2014 07:56:43 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-44 Not being willing to have the uncomfortable conversation. Simply abiding missed deadlines & broken promises brews a poisonous resentment. You can’t afford to be a nice guy all the time.

]]> By: Anonymous https://startupsanonymous.com/question/if-youre-being-honest-with-yourself-what-is-biggest-reason-your-company-failed/#comments/43 Wed, 22 Jan 2014 05:59:59 +0000 http://startupsanonymous.com/?post_type=questions&p=57#comment-43 We ended up hating our target market. We ended up building to over 6000 customers, but they were not the right crowd for where we wanted to take our apps.

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