Why do startups fail?
Many reasons.
But there exists a most significant well known single reason.
Simple and fundamental reason
“not making what people want”
But why do most startup leaders don’t do this basic thing?
Because
"People follow their own beliefs"
And their belief is,
"something super interesting that they conceived is definitely going to be the super hit in the market and change the world!"
Self-beliefs when differing from reality, failure is bound to happen.
Differentiating between “interesting” and “validated need” is often confused.
Most startup leaders fail to realize, that they alone don't represent the general mass.
The delusion of self, gives false validation when one does self-validation.
Self-validation is important and can get you the right path.
It is easy and fastest thing to do.
After all, we have a brain and we live in the real world with real experiences and real opinions.
But we are an extremely small sample of actual general mass.
Many startups fail because not understanding what they are making does sale or it is a poor sale by all standards… and not many want it to buy.
Sad reality with Startup Leaders is...
"Belief competes Wisdom"
Belief wins almost always unless you have hardly any money left to lose.
Losing money can get many to become rational.Then the newly instated rationality can help make some money back and again fail because of the strengthened belief...
"I am right. I can and I will"
Belief is a blinding force for any leadership.
Belief means no validation and you are still betting on hell.
Belief means...
"you don't know the truth"
Truth exists with buyers.
Startups often fail because people in control of the fate of the startup, drive it in their own way, making something nobody wants today and or even tomorrow.
