Hi!
A fellow entrepreneur* was asked by a VC "Why do most startups fail?" My friend, already a very experienced executive, related that he gave many answers including product, management, marketing, basically everything he could think of. The VC then said, very firmly, "They run out of money!"
The truth is that all of the mistakes my friend related can contribute to a startup failing, because they can contribute to that final, fatal state, "running out of money"...
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