{"id":1913,"date":"2019-01-21T17:28:47","date_gmt":"2019-01-21T11:58:47","guid":{"rendered":"https:\/\/pitch.link\/blog\/?p=1913"},"modified":"2019-06-01T17:38:33","modified_gmt":"2019-06-01T12:08:33","slug":"why-startups-fail-no-market-need-is-the-primary-reason","status":"publish","type":"post","link":"https:\/\/pitch.link\/blog\/why-startups-fail-no-market-need-is-the-primary-reason\/","title":{"rendered":"Why startups fail? “No market need” is the primary reason"},"content":{"rendered":"\n

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%). <\/p>\n\n\n\n\n\n\n\n

\"Top
Top 20 reasons startups fail<\/figcaption><\/figure><\/div>\n\n\n\n

Some of the key reasons : No market need (47%), User unfriendly product (17%), Ignore customers (14%) – see a pattern here?\u2026 Disharmony with Investors (13%) and very surprisingly, because they Didnt use network (8%). <\/p>\n\n\n\n

This report is the result of the analysis of 287 good bye letters. Graph from Report. Highlights mine.<\/p>\n\n\n\n

Link to the article and report here : https:\/\/bit.ly\/2Cy9ZWv<\/a> <\/p>\n\n\n\n

Link to 287 startup failure postmortem \/ report : https:\/\/bit.ly\/2w5fQPW<\/a> <\/p>\n\n\n\n

Here is an article in Fast Company on Anand and his newsletter : https:\/\/bit.ly\/2JMLCaA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n<\/p>

Continue Reading<\/span><\/i><\/a><\/div>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"ub_ctt_via":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[69],"tags":[70,77,81,82],"class_list":["post-1913","post","type-post","status-publish","format-standard","hentry","category-what-i-learnt-today","tag-alwayslearning","tag-sales","tag-startups","tag-entrepreneurship"],"aioseo_notices":[],"featured_image_src":null,"author_info":{"display_name":"Subhanjan Sarkar","author_link":"https:\/\/pitch.link\/blog\/author\/subhanjan\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paX7jg-uR","_links":{"self":[{"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/posts\/1913"}],"collection":[{"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/comments?post=1913"}],"version-history":[{"count":0,"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/posts\/1913\/revisions"}],"wp:attachment":[{"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/media?parent=1913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/categories?post=1913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pitch.link\/blog\/wp-json\/wp\/v2\/tags?post=1913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}