Why We See Startups In The Digital Domain Fail So Quickly?

By Author: TDF
Total Articles: 52
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People don’t take advice:

I have come across most people who are like “I know it all” attitude. They feel if you use the startup tag on your chest, you get attention. Attention from the government, your peers, and obviously from investors. Cheap thrills. I come across people who can’t even think or come up with an original idea, they call it inspiration but actually they bluntly copy from others. They just want success come what may. Money is the goal, not value. If you advise them to test their idea before starting a swanky office, they hate you. As the result, I see 30 % of the startups can’t pay salaries or even rents and they perish within 6- 10 months. They burn fast. They will never spend their time and energy testing an idea before believing it. Romancing their own idea makes them fail fast. Gut feeling is what they mainly rely on.

I don’t know what I don’t know syndrome is what they suffer from.

Digital is cheap, so I love it.

When they burn all their money on untested ideas, technology, apps, product building, office space, rent, etc. for 10 months, they are left with no money ...
... to market. ATL gulps down enormous money to launch so they are left with digital. I come across so many of such people who think and believe digital is cheap and easy. This is the last nail in their coffin. They try their luck on learning digital online, again to save cost.

To know more: https://thedigitalfellow.com/why-we-see-startups-in-the-digital-domain-fail-so-quickly/