Why startups fail? “No market need” is the primary reason
A recent report – analyzed and published by CBInsights -( @Anand Sanwal, Founder – CEO, grew his daily newsletter to half a million subscribers simply by providing extremely high value, every day*). In this post mortem which is a follow up of an earlier analysis into the data of startup death, found that 70% of tech companies failed within 20 months of raising, on an average, $1.3mn. For hardware startups the demise rate is 97% (chances of becoming a Unicorn, on the other hand, is 1%).