6 Reasons Why Tech Products Fail
There are hundreds of ways to fail a product. Got an insufficient budget? Here is one. Founding team is not technically qualified? There goes another!
Over the last couple of years in my role as a founder, product leader, and advisor to startups, I singled out 6 deadly themes that shaped the lives of many tech founders and inadvertently led many products on the path to the startup graveyard.
So without further ado, I give you 6 reasons why early tech products tend to fail, and how it could be prevented.
#1. Overbuilt
Entrepreneurs are optimistic by nature. It takes a special sort of reality distortion field to convince clients and teams to buy into the vision of an upstart.
Yet that optimism comes back to haunt the company when customer expectations need to reconcile with the reality.
When expectations are high, the temptation of the founding team is to usually add more features to the product, choosing quantity over quality. It also results in over-building.
Implementing payments while all users are still on free trial, making a mobile-responsive website when…
