Why do startups fail?

More than 99% of startups fail. Why? There have been many analyses. “No market need“, “ran out of cash“, “wrong team“, and “outcompeted” are all commonly cited reasons. But these only answer the first “why?”. Let’s ask the next “why?”. We believe that startups mostly fail for two fundamental reasons: passion-blindness + confirmation bias =Continue reading “Why do startups fail?”

The Truth About Advisors

Startup founders are strongly encouraged to find advisors. The theory being that advisors with deep expertise and networks can significantly increase a startup’s chances of success.  Therefore, the theory goes, the valuable equity given to advisors is well worth it. I have no doubt that good advisors can make a difference. However, most founders –Continue reading “The Truth About Advisors”