10 Signs that your startup is likely to fail

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10 signs and indicators that your startup is likely to fail.

Text of 10 Signs that your startup is likely to fail

  • 10 SIGNSTHATYOUR STARTUP IS LIKELYTO FAIL Friday, October 4, 13
  • 10 SIGNSTHATYOUR STARTUP IS LIKELYTO FAIL AKA You are going down the sh*t creak, with no paddle Friday, October 4, 13
  • 1.YOU HAVETROUBLE HIRING There is a big difference between we cannot nd a developer and No developer wants to work with us Friday, October 4, 13
  • 2. SCALING BUT NOVALIDATING Scaling only applies when you get to the product market t. Once you have it - you will know it. Friday, October 4, 13
  • 2. SCALING BUT NOVALIDATING Scaling only applies when you get to the product market t. Once you have it - you will know it. Premature scaling is the MAIN KILLER of startups Friday, October 4, 13
  • 3.YOU HAVETROUBLE SHIPPING If you are not shipping you are not learning. If you are not learning you are not validating and if you are not validating you will fail eventually. Friday, October 4, 13
  • 4. NOT WORKING FULLTIME Part time effort - part time success. If you do not believe in your idea enough to commit 100% how will you sell to potential hires and investors? Friday, October 4, 13
  • 4. NOT WORKING FULLTIME Friday, October 4, 13
  • 4. NOT WORKING FULLTIME Friday, October 4, 13
  • 5. MORETHAN 3 COFOUNDERS Plan to loose 20% of equity at each round of nancing. Successful companies will have 3-5 rounds of funding on average by the time they exit or (way less often) IPO. How much do you think you will be left with at the end? People loose motivation. Friday, October 4, 13
  • 5. MORETHAN 3 COFOUNDERS Friday, October 4, 13
  • 6. EVERYONE LOOKSTHE SAME This happens when few buddies get together to work on a cool startup by bros. Everyone has the same skills and big gaps end up unlled. Friday, October 4, 13
  • 6. EVERYONE LOOKSTHE SAME This happens when few buddies get together to work on a cool startup by bros. Everyone has the same skills and big gaps end up unlled. How can you tell? Friday, October 4, 13
  • 6. EVERYONE LOOKSTHE SAME Business heavy founding teams are more likely to succeed with a startup that requires enterprise sales, but technical heavy founding teams are more likely to succeed with a self-service consumer Internet startup. Friday, October 4, 13
  • 7. NOTECH COFOUNDERS Without a tech cofounder you are building your house on sand. Business guys/gals have traditionally had a lot of trouble hiring developers, estimating cost structure of build etc. Friday, October 4, 13
  • 7. NOTECH COFOUNDERS Friday, October 4, 13
  • 8. NO PIVOTS ORTOO MANY Friday, October 4, 13
  • 8. NO PIVOTS ORTOO MANY Friday, October 4, 13
  • 9. IGNORE FEEDBACK So easy to fall in the trap of ignoring customer and mentor feedback or fall in the conrmation-bias trap. Friday, October 4, 13
  • 10. FALLING IN LOVE WITHTHE STARTUP STAGE Friday, October 4, 13