Pitfalls Facing Startups

This graphic has been taken from a linkedin post by Guillermo Faus Ipina.

 

This graphic has been taken from a linkedin post by Guillermo Faus Ipina.
 
#1. Bulding Something nobody wants
#2. Hiring Poorly
#3. Lack of Focus
#4. Fail to execute sales & marketing
#5. Not having the right co-founder
#6. Chasing Investors instead of customers
#7. Not making sure you have enough money
#8. Spend spree
#9. Failing to ask for help
#10. Ignoring social media
Vera Lipton added point #11. Funded by public money. I too concur. any funding for startups by public funding is doomed to failure.