Why do startups fail? What is your opinion – tell me

While researching many successful Indian climate tech startups for our upcoming CLIMAFIX India Climate Startup Summit (Nov 25/26, 2022, Chennai, 200+ climate tech startups expected, organized along with IIT Madras – https://lnkd.in/gNnGzhG5), I also came across stories of dozens of startups shutting shop in the past five years (estimates suggest 90% of startups fail within five years of start).

While there can be multiple reasons for startup failure, wanted to know what you think is the most important.

Why do most startups fail?

Poor choice of solution

11%

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Poor team

41%

Lack of finance

31%

Lack of conviction

18%

See my LinkedIn post on this topic