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In conversation with startup #founders and #growth heads, we came up with 5 reasons why startup fail?

Some statistics around #startups:
1. The average time between #funding rounds from Seed to Series A is 22 months, Series A to B is 24 months, and Series B to Series C is 27 months.
2. 47% of Series A startups spend $400k or more per month.
3. Only 2 in 5 startups are #profitable , and other startups will either break even (1 in 3) or continue to lose #money (1 in 3).
4. The highest five-year survival rate for new #businesses is mining, at 51.3%.
5. Paying attention to your customers is important since 14% of startups fail due to not regarding customers’ needs.
6. Founders who have failed previously have a 20% chance of #success while first time first time founders have an 18% chance of success.

Get the further insights why startups fail, what is the role of founders and competition in the #market for startups to grow.