A research by a senior lecturer at Harvard Business School, Shikhar Ghosh, showed that nearly 75% of all startups fail. That’s three failures for one successful startup. Though the failure rate is higher than industry reported failure rates, which range from 20 to 30%, that’s still a lot of startups.
You must have heard about TinyOwl, haven’t you? The blue-eyed food-tech dream of five IIT-graduates which went belly up in a disgraceful manner last year. The company started on a very positive note, however along the way it made a number of bad decisions (consecutively), and the end result was