Tag: failure

3 Ways to Kill a Startup
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3 Ways to Kill a Startup

Bringing something to life is hard. Ending it is easy. It's almost surprising how easy it can be to kill a startup.Each year, ambitious entrepreneurs start new businesses. Yet, small business statistics often show that half will go under by the end of their first four years in operation.In Newchip’s accelerator, I get to work with entrepreneurs in many verticals and with different business models. Some are cash flow positive. Some are funded. Some we have helped get funding.While the successful startups with whom we have worked have a multitude of reasons for being successful, all the failed startups committed the same mistakes.In the startup life, it doesn’t take a continuous calamity of errors to end your dream and business, it only takes you doing these three things. Yo...