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Investors want to minimize silly reasons for startups to fail. I've never seen a startup shutdown medium post that started with "We have a great team and our p
by cavisne 7y ago
Investors want to minimize silly reasons for startups to fail.
I've never seen a startup shutdown medium post that started with "We have a great team and our product has seen huge uptake, unfortunately the cost of our coworking space has overwhelmed us".
On the other hand plenty of startups fail because they cant hire the right talent. Wework is in locations, and has an atmosphere that most tech workers if not like, at least are used to. Especially ones who are happy to work in an early stage startup (and if that one doesn't work you've made a lot of connections with other ones in the office :P).
Additionally investors don't want startup founders to spend weeks negotiating leases for offices, fit-outs etc.