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Ask HN: let's build a list of reasons why startups fail
I am writing a business plan for a new idea of mine.
After all the reasons why this is the best idea ever and countless industries are going to be disrupted I am now writing "what could go wrong".
This is the sad part but it has to be done.
I have already several reasons in my list and I'd like to ask you here for some more.
In the process let's build a list useful for all of us in the future.
For this reason I won't even bother you with my "great idea" so we avoid "idea specific" failure reasons.
I'll start with some obvious ones in my list:
* Nobody (or too few) need it
* Somebody needs it but won't pay/pay enough for it
* Budget underestimated (you needed more than that and you did not know it)
* Unproved assumptions ("we were sure it would go viral" / "critical mass is at X")
* Critical mass was higher than expected
* Somebody else is doing that already, better than you
* The big players see what you do, like it, and replicate it very fast. You're out
...and I am sure there's many more.
If we build this list properly it may be quite useful!
- mswen 14y agoEnterprise executives can love your innovative enterprise service but inertia among managers and staff who are needed for adoption may outlast your runway
- mswen 14y agoAdvanced technology can easily be too early from a market adoption perspective
- sharemywin 14y agointernal issues. people issues. cofounders infighting.
- Lucadg 14y agothanks, good ones! It seems I can't edit my first message to add them.