3 Reasons Startups Fail and How They Can Do Better

It may seem counterintuitive, but Ilya Pozin explains why a laser focus on features is among the top reasons startups fail.

There are a few reasons why some startups succeed while others fail. Ilya Pozin speaks to the top three he’s seen:

  1. Overbuilding: More features doesn’t automatically mean more clients.
  2. Failure to market: Lead generation and understanding your target market is arguably more important than having better features than your competitors.
  3. A focus on disruption: Build a product focused on behaviors people already do, rather than wholsale innovation.

Watch the video to find out more about how features alone won’t make your startup successful.

 

Resources

3 Reasons Startups Fail and How They Can Do Better

It may seem counterintuitive, but Ilya Pozin explains why a laser focus on features is among the top reasons startups fail.

There are a few reasons why some startups succeed while others fail. Ilya Pozin speaks to the top three he’s seen:

  1. Overbuilding: More features doesn’t automatically mean more clients.
  2. Failure to market: Lead generation and understanding your target market is arguably more important than having better features than your competitors.
  3. A focus on disruption: Build a product focused on behaviors people already do, rather than wholsale innovation.

Watch the video to find out more about how features alone won’t make your startup successful.

 

See Also: 4 Ways to Prepare for a Networking Event

If you have insights like this to share,

and join us!