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We aim to keep publishing more of these researches in order to make it possible to learn from other startups' failures.
If you have any comments or feedback, you can drop me an email at nico[at]failory.com.
But you will tell me, if I can prevent the mistakes other made I will go further than them. Well I'm not so sure, for any mistake that someone thought they made there will be another person who identify this mistake as something which made them succeed.
These kind of articles are just porn for people who are not putting enough hours in working toward their ideas. (And top x things that made us successful is as stupid)
Are these really "mistakes" or are they just the random process of value discovery, which naturally involves a lot of failures. Finding product-market fit is not something you can engineer with perfect foresight. You raise money, you build something, and then you have a limited time to see whether your hypothesis about the market was correct. Often, if not most of the time, you fail to get the fit you need in order t…
I really hate those kind of content. Would you listen to someone who built a wall which collapsed ? nope But you will tell me, if I can prevent the mistakes other made I will go further than them. Well I'm not so sure, for any mistake that someone thought they made there will be another person who identify this mistake as something which made them succeed. These kind of articles are just porn for people who are not p…
This was a surprisingly good read and data-driven. I found it surprising that the top reason for failure was product-market fit followed by team. I would have thought finance (#3) and tech (#4) would rank higher.
Amazon is littered with awesome tech that took 2-3 years to build and launch but failed because there was no market for it. I worked on one such product, a micro payments web service. It took me a while to realize that that’s just how Amazon operates. Carry out experiments all the time, most fail, but the ones who click take off spectacularly. As Bezos says, don’t take Hail Mary bet. Take smaller bets all the time.
Are these really "mistakes" or are they just the random process of value discovery, which naturally involves a lot of failures. Finding product-market fit is not something you can engineer with perfect foresight. You raise money, you build something, and then you have a limited time to see whether your hypothesis about the market was correct. Often, if not most of the time, you fail to get the fit you need in order t…
> You raise money, you build something, and then you have a limited time to see whether your hypothesis about the market was correct. Or, you get to know an industry, see a need, design a solution, bounce your ideas off people in the industry, do some mock-ups to get some initial acceptance of the idea, ask if they'd pay for it, and if/when all that comes together, then start to build. If you cannot build it with you…
;)
My initial thoughts: > First hand lessons > over eighty failed startups I dunno... if you've got first hand experience in 80 startups then maybe their failures are because you didn't spend enough time in any single one of them. Then I read the article: > We've analyzed why +80 startups have failed If you've analyzed the startups then I really don't think that counts as "first hand".
My initial thoughts: > First hand lessons > over eighty failed startups I dunno... if you've got first hand experience in 80 startups then maybe their failures are because you didn't spend enough time in any single one of them. Then I read the article: > We've analyzed why +80 startups have failed If you've analyzed the startups then I really don't think that counts as "first hand".
first hand means you got the info from the first or original source.
weird usage of the term "Marketing" to mean business related(product market fit, competition etc).
Event "product market fit" feels like a sugar-coated way to say that no one is interested in purchasing your product. I don't have a startup, but if I did I would view every single step in the process of creating one, both technical and non-technical, as an opportunity to test the market viability of your product. I'm honestly surprised at the abundance of non-product-viability issues that were cited as determining f…
It has to be really frustrating for startup CEOs to fold and then see a bad copy of their idea appear as free software and explode in popularity.
Earlier quoted context omitted.
Yep, that's what marketing is (having studied several subjects in it as part of my business degree back in the 90s). Marketing is not just a synonym for advertising and promotions, etc. Marketing is about finding/building/reaching a market for a product. It involves both identifying/creating a market, and identifying/creating a product for that market. Advertising/promotions is just a small (though expensive) part of…
This is mind blowing to me if this is true. I didn’t take many business classes so I wasn’t exposed to this definition. I do run a startup and as others have eluded about startup tech CEOs I’m pretty bad at marketing. But saying that, I still can’t wrap my head around how a marketing person can identify a market or create a product for that market. I basically created the company cause I saw a need. It’s my job as CE…