This document is proprietary & confidential information Fail fast STARTUP FAILURES
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This document is proprietary & confidential information
Fail fast
STARTUP FAILURES
This document is proprietary & confidential information
Managing Partner, aival.com
APOSTOLIS AIVALIS
facebook.com/TolisAivalis linkedin.com/in/Aivalis @aivalis
This document is proprietary & confidential information
The facts
STARTUP FAILURES
FAILURE
Is hard to identifyDead but zombies
VCs & founders bury their dead very quietly
SUCCESS
Success is sexyMedia love it
Education loves it
Girls love it
The fact that we only learning
from success is a deeper
problem than you imagine
90% of startups fail20 months after they start
55% of failed startups raised $1M or less
This document is proprietary & confidential information
Why?
STARTUP FAILURES
What the f%!&@# happened?
FAILURE REASONS
Why startups fail?42% make products no one wants
58% focus on product not the business
100% lack of proper execution
MORE FAILURE REASONS
Why startups fail?No growth
Team fucks-up
Wrong market
No reputation & crisis management
No funding
This document is proprietary & confidential information
Keep trying!
STARTUP FAILURES
SUCCESS
Fail to succeed(the more the better)
Seriously?
PANDORA: 300 TIMES BEFORE FUNDING
BRANSON: 400 TIMES BEFORE SUCCESS
SANDERS: 1009 TIMES BEFORE SUCCESS
EDISON: 10.000 TIMES BEFORE SUCCESS
This document is proprietary & confidential information
Keep pivoting!
STARTUP FAILURES
THEPOINT CROWDFUNDING►GROUPON
SCHULTZ COFFEE MAKERS ►STARBUCKS
NOKIANVIRTA PAPERMILLS►ΝΟΚΙΑ
NEVERENDING GAME►FLICKR
BURBN CHECK-IN APP►INSTAGRAM
TOTE FASHIOΝ PORTAL►PINTEREST
ODEO PODCAST►TWITTER
Hm..
This document is proprietary & confidential information
Managing Partner, aival.com
APOSTOLIS AIVALIS
facebook.com/TolisAivalis linkedin.com/in/Aivalis @aivalis
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