A very interesting study, which synthesizes data from more than 3,200 new companies and has been carried out by Max Marmer, a former student of the classes of Steve Blank at Berkeley, it has concluded that 74% of startups fail because they try to expand too quickly.
The study carried out by the team of Startup Genome It structures the dimensions of a startup in five aspects: customer, product, team, business model and finance. Problems occur when the growth scale of one aspect of the start-up extends ahead of the others. To help startups ensure balanced growth, Startup Genome has created a web application called Startup Genome Compass that allows you to compare the performance of any startup against a database of 3200 other companies around the world. The Startup Genome team, based on a series of key data that the entrepreneur must provide, will make a personalized report, first focused on the topic of premature expansion and then on 25 key variables compared to other companies in the same stage of development. The test can be completed in about 30 minutes and can provide very interesting information for local startups! A very interesting study, which synthesizes data from more than 3,200 new companies and has been carried out by Max Marmer, a former student of the classes of Steve Blank at Berkeley, it has concluded that 74% of startups fail because they try to expand too quickly.
