7 Lessons From 100+ Failed Startups
There’s a joke about startups. “For every 10 startups you see in the market, 11 of them will fail.” I didn’t want to think that my startup would be the one to fail, and no entrepreneur does. I thought I knew it all…or at least would learn it all during the process of launching my startup. Jason Huertas, author of My Startup Failed, says this is common, writing:
“You think that you know it all. After all, you’re already successful in your mind, so who cares what others have to say? Fight that urge every day…You know nothing.”
After my own failure, I became obsessed with understanding how and why things go wrong. As of today, I’ve read 100+ failed startups stories. I recently compiled my learnings from this into The Startup Checklist, and this post shares a few things in particular that stood out to me.