insight into how yours can succeed.
It’s true that 90% of all startups fail, a major reason being that they run out of cash, but there are several other reasons which contribute to failure. You may be shocked to learn that a seemingly insignificant error you’re making now might have a huge potential to hurt the life span of your startup.
Lance Surety Bonds teamed up with a group of marketers at Presitely, to map out the top 20 reasons why startups fail. Research for this infographic was drawn from a CB Insights analysis, on the reasons behind the failure of 156 startups. CB Insights conducted an interview of startup founders to find out why they failed, and sorted these reasons into 20 distinct categories. You’ll observe that the sum of the percentages exceeds 100%, because many startups fail for more than one reason.