Why do so many startups fail?
THE STARTUP BERMUDA TRIANGLE
3 coordinates making up a triangle in the North Atlantic sea where ships and planes enter and never return and I would argue there are 3 equally big mistakes startup founders make that create a Death Spiral for their startups.
- They fall in love with their idea and Don’t allow their idea to be tested (with data) or challenged by others.
- No Marketing Plan- NO Strategic Plan to acquire customers
- Never Become a Great Entrepreneur
