Startups are failing because they make products no one wants
The number-one reason for failure, according to a new survey? Lack of demand for the product. But the list is a long one.
CB Insights recently parsed 101 post-mortem essays by startup founders to pinpoint the reasons they believe their company failed. On Thursday the company crunched the numbers to reveal that the number-one reason for failure, cited by 42% of polled startups, is the lack of a market need for their product.