Startup Fail
From the previous post, i just shared about lack direction of startup. Lack of direction is one of the problem for founder of startup.
There is a research top 20 reasons startups fail:
In the top position we can see :
No Market Need
Startups fail when they are not solving a market problem. We were not solving a large enough problem that we could universally serve with a scalable solution.
Some founders thought they had a brilliant idea, and thought that if they put enough features in the software, their customers would buy it. They just focused only on building, and were terrified of one thing in particular — negative feedback. We were terrified of failure and rejection.
As a result, the business never took off, and eventually failed to meet its milestones.
That was happen with startup, they only focus on their product without know what exactly user needed.
You have to know what makes your solution valuable for others.