Startup Failure

• It is believed that approximately 90% of startups fail.
• According to Forbes 97% of "consumer hardware startups" die or become "zombies."
• Another report says that 70% of tech companies fail.
• One of the reasons they fail is the absence of a market need for the product or service. They are not solving any of the problems in their market.
• Another reason for failure is the product design is not meeting a need.
• A third reason is not having the right people to work with the team.