Category: Why startups fail

In December 2001, Dean Kamen unveiled the Segway Personal Transporter on ABC’s Good Morning America. The public eagerly awaited this secretive new product that was supposed to revolutionize personal transportation. Kamen confidently said it would be “to the car what the car was to the

In the early 2000s, Nokia was the undisputed king of the mobile phone industry. The Finnish company had rapidly grown from a paper mill in the 1860s to the top-selling mobile phone brand in the world by the late 1990s. At its peak, Nokia accounted

Blackberry smartphones were once the peak of mobile technology. In the late 1990s and early 2000s, carrying a Blackberry device was a status symbol in the business world. But despite its early dominance, Blackberry eventually faded into obscurity. So what happened? How did the innovative

What Happened to Pets.com? The late 1990s were a heady time for internet companies. Venture capitalists were falling over themselves to throw money at any business with a “.com” in their name. The promise of the World Wide Web was captivating – it seemed like

The tech world loves its unicorns. These mythical startups are valued at over $1 billion, seeming to offer infinite possibilities. Yet even unicorns can crash and burn. Let’s explore why these one-time superstars stumbled on their way to greatness. 1. Theranos – Blood Testing Blunders

Yahoo in the late 1990s was the king of the internet. How did this pioneering company fall so far? Let’s take an introspective look at the decisions, missteps, and missed opportunities that led to Yahoo’s decline. The Early Days: Yahoo’s Humble Beginnings It all started

Kodak dominated the photographic film market for nearly a century. At its peak in the 1990s, Kodak held an astounding 90% market share and was one of the world’s top 5 most valuable brands. But when digital photography began disrupting the industry in the late

Failure is never easy. But when your startup fails, it can feel absolutely devastating. You’ve poured your blood, sweat, and tears into your business. You’ve sacrificed sleep, relationships, and sanity trying to make it work. And now, despite all your efforts, it’s over. It’s normal

Cofounded by Adam Neumann and Miguel McKelvey in 2010, WeWork began with a simple idea – to create beautifully designed shared workspaces for entrepreneurs, startups, and freelancers. And for the first few years, it seemed like they could do no wrong. WeWork was growing at

Starting a business is a dream for many people. The idea of creating something from scratch, growing it, and becoming a successful entrepreneur is appealing. However, the reality is that starting a business is hard work, and the odds of success are not in your

No one ever said that running a business was easy. In fact, it can be downright tough sometimes – especially when you fail. 80% of businesses fail overall. The numbers are higher when it comes to startups. And with only 1% of venture capital money

Most startups and businesses fail. CEOs of these companies attribute their failure to lack of product-market fit. But often businesses fail because they are not able to reach a problem-solution fit. Having a problem-solution fit really means that your product is solving a particular problem

Everyone fails. Even the most successful entrepreneurs have failed many times before achieving success. We don't hear about the failures in the media because failure is not as attractive as a success. It's not something that people want to hear about so that's why there