For most startup founders, creating a startup is exciting, and more like a roller coaster ride as compared to other ventures. And being optimistic from the start, helps a lot. In fact, it is only in Startup communities like Silicon Valley and Silicon Alley will you find people that are overly optimistic when it comes to starting their own company.
The cold, hard truth is that 90% of startups fail.
Here’s a simple infographic that explains the success of startups such as ShopKick, LevelUp and Zynga – and some of the reasons of their counterpart’s failures.
So, after viewing this infographic, you get to see some of the main reasons why these startups failed. And in most cases, each company’s struggles was unique to itself.
In your opinion, why do you think startups fail? Share your stories and comments below.
(infographic – AllmandLaw.com)