Among 101 shuttered startups that recently opened up about why they failed, a bit less than half of them cited a pretty basic reason: there was little to no market need for their offering.
That’s according to a new CB Insights analysis of startup “post-mortems,” 101 of which the firm had included in a well-read post earlier this year.
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Running out of cash (29 percent), not having the right team (23 percent), and getting beat out by competition (19 percent) were the other top reasons. (Many startups gave multiple reasons for failing, so the percentages involved don’t add up to 100 percent.)
However, the lack of . . . (READ MORE)
Article by: Kyle Alspach
Published at: BetaBoston.com
