An infographic listing the top 20 reasons why startups fail:
I can understand most of these but, to be honest, there are so many overlapping circles about these things so it’s never just one thing… except team.
Another way to think about this is essentially the fact that despite great market and a great product, the team can end up destroying all that good fortune by simply not working well together.
It’s just that simple.
If you’ve been around long enough you’ve seen exceptionally talented individuals totally blow it because they can’t get their relational shit straight. Happens more often then we talk about.
I think about team performance and effectiveness more than really anything else when it comes to building a product and a company. It’s the thing that I can never over-optimize on.
In fact, team dynamics directly influence most of the things on that top 20 list.