How to be part of the 10% of startups that succeed, not the 90% that fail.
Even at Y Combinator, Silicon Valley’s best known startup accelerator, only 10% of selected startups succeed.
Why do startups fail? The top 2 reasons:
1
Failed to raise investment capital and ran out of money
2
Lack of revenue/market need
The top 2 reasons are related: if a startup demonstrates
market need and revenue, investors will engage.
“Revenue solves all known problems”
– Eric Schmidt, longtime Google CEO
Growing revenue shows a business model is repeatable and scalable.
To be one of the 10% of startups that succeed and not the 90% of startups that fail, companies need growing revenue and a repeatable, scalable business model.
Unlocking Growth partners with companies to build a revenue machine that is growing, repeatable and scalable.
“A startup is a temporary organization designed to look for a business model that is repeatable and scalable”
– Steve Blank, Stanford Professor, Author & Founder of the Lean Startup Movement