The report says 90% startups have failed in a rush to expand their size is the first reason.

Source: Internet
Author: User
Keywords Facebook startups startups fail Facebook

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Most startups die of self-destruction.

According to foreign media reports, entrepreneurship or become an entrepreneur is not easy. The risk of becoming an entrepreneur or setting up a start-up company is high, and starting a business means sleepless nights, a lot of time and effort, and hard access to new users. Even without consideration, there are few startups that can find treasures like Facebook. In fact, the grim reality is that more than 90% of startups fail in the end.

This is why four young people in Bjoern Herrmann, Max Marmer, Fadi Bishara and Aleksandra Markova have written the entrepreneurial gene report, and they want to find the underlying reasons for the success of the start-up company. They collaborated with researchers at Stanford University and the University of California, Berkeley, to gather data from 3,200 startups to identify a more effective framework for assessing startups-monitoring early-stage startups from the start to milestones.

Bjoern Herrmann, one of the authors of the report, revealed that the primary reason for startups ' failure is premature expansion. Of the 90% failed startups, 70% died in a rush to expand, which would have a huge impact on the success of the company's business. These companies seem to end up dying of self-destruction, not competition.

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