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Showing posts from May, 2017

Ingredients of Startup Failure

I have started and worked on several startups in the past 16 years. When I look back, I find the following patterns appearing again and again in every unsuccessful startup that I was involved in.

Here is the list of patterns, and they are not in order. I wrote them as they came to my mind:

Giving Up Soon: We gave up soon. Sometimes at the start of success we stopped. At one startup we started to make small amount of money after several months, and then we stopped! To be fair, we stopped, because the team collapsed, but anyway we stopped at the moment that money started to come in.Not Putting 100% focus: We did not put 100% effort into it.  For some of us it was the secondary job, and for some of us it was the last thing on the daily agenda!Not Hustling: We did not hustle.  Some of us took care of our comfort instead of hustling.  Not Passionate Enough: Some of us were not passionate about the problem we were trying to solve, or customers we were trying to serve, and the change we migh…