Why Startups Fail: Reason #2 – Ran Out of Cash

Why Startups Fail: Reason #2 – Ran Out of Cash

The Problem Every startup needs an initial pool of cash to live off of before it reaches the point where its profit is enough to sustain it. Not all startups are lucky to survive long enough to see that day, though. In around 29% of cases, the business runs out of...
Data2050 update

Data2050 update

The Data2050 BETA test batch is a success. We are very proud to announce that for the past few months, we have been successfully testing our BETA batch of companies. We are cooperating with an e-mobility charging solutions project, an amazing IoT communications...
Why Startups Fail: Reason #13 – Pivot Gone Bad

Why Startups Fail: Reason #13 – Pivot Gone Bad

The Problem Achieving and maintaining success with a startup in the long run is challenging, which is why it’s rare to see them last for longer than 5 years. Statistically, 90% of them won’t live to see their sixth year, which means there need to be survival...
Why Startups Fail: Reason #14 – Lack of Passion

Why Startups Fail: Reason #14 – Lack of Passion

The Problem While businessmen enjoy freedom in their offices, without the pain of being bossed around, it doesn’t start that way. In the beginning of any startup, there’s a plethora of problems and challenges that an entrepreneur faces, which can only be solved by his...