I’ve worked at 5 startups, 6 if you include late stage startups. Of those 6, 3 are still operating (including the one I started 2 years ago and am still workin

I’ve worked at 5 startups, 6 if you include late stage startups. Of those 6, 3 are still operating (including the one I started 2 years ago and am still working on). 2/3 failures were a result of failure to achieve PMF, which ultimately caused the fundraising to run out. The other failure was due to a huge fish entering our space running us over (FB) and forcing a fire sale to a buyer. Of the 3 still in existence, one has a strong PMF and is nearly or completely profitable. The other merged with a another company in a similar space and created a behemoth (a name brand company many would know), though they were never profitable they had huge PMF and a large chunk of the audience in a huge market. My current company is looking like it’s going to fall into the failed to find PMF category, but we’ll see what we can do.