Everyday 100’s of small and big startups are founded, dreaming of becoming next big thing. but most of them fail to get traction from visitors or customers. few raise funds and fail with their business model, and few fail to raise any funds due to poor business model.
Top ecommerce startups listed out few of the ecommerce startups that failed and revealed why did they fail and what went wrong from being a successful internet or ecommerce company.
We took on Mint.com and lost
We would’ve spent another three months head down developing it, without a business model or any way to keep paying the rent.. and Facebook would just end up ripping it off.
Twitter stole my thunder
A Build-Your-Own YouTube/Yelp, etc. had issues with money, traction, team, and vision
There were a lot of mistakes with research, picking teams, office space and money
They gave away a service for free, and ran out of cash to pay the bills
We made deadly cultural and strategic mistakes
We didn’t pivot fast enough, we didn’t love it enough, we had too many founders, and we made a lot of other errors.
We made the mistake of focusing on engineering first and customer development second
Our idea wasn’t bad, we were just too slow and focused on the wrong things
We had too much PR, too much money, and no customer relationships.
The founders butted heads, and their motivation disintegrated
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