Long before I started pursuing my first entrepreneurial venture, ieLogic, I was drawn to the idea of filling needs, of finding solutions. Since that first venture, I have continued looking for solutions to problems I see in the world around me, leading me to become a serial entrepreneur. Some of my ventures have been successful, some less so.
Unfortunately, even though we want them to, not every new business or new idea is going to succeed. However, we can look at some of the most common reasons why startups in general and technology startups in particular tend to fail in order to minimize the likelihood of our own startups failing before they get a chance to really succeed. To that end, I’ve put together what I consider to be the top three reasons why startups fail.