Top 20 reasons why startups fail: Report

At the start of the year, CB Insights gathered a collection of over 100 “startup failure post-mortems” which explained why the companies didn’t succeed. Written predominantly by startup founders, they offered a glimpse of the harsh realities of startup life, as well as a few lessons for entrepreneurs to learn from.

CB Insights has now delved through each entry to identify prevalent problems and recurring themes. The result is an interesting “top 20″ list of the most common reasons why technology startups fail.

picture of Top 20 reason startsup fail

(Many startups offered multiple reasons for their failure, hence why the percentages for each reason total more than 100 percent.)

Head here to read an in-depth explanation of each reason or factor.

Image : CB Insights
Quote : Mia Vals
Source : TNW