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There is fundamentally only one reason startups fail.
The business has not pivoted enough.
That’s it.
The majority of successful businesses you see out in the world today looked very different when they first started. The key difference is -- they continued to pivot their business until they achieved success and scale.
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However the underlying truth is there are many reasons why a company might not pivot to the point of success.
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>> The founders burnt out
>> The founders were no longer passionate about the business
>> The company ran out of capital
>> The founding team no longer is aligned with the business goals/direction
>> The founding team was not the best fit to solve the problems
>> The founding team working styles did not mesh well