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Its no mystery that many startups and small businesses eventually fail. If there is life, there is death; similarly, for every billion-dollar unicorn company, there is a humongous number of startups that have gone onto the other side.
More often than not, startups go bankrupt for reasons that go beyond the viability of their products. In most of the cases, startups fall prey to missteps that ultimately dry up their cash flow.
The top 3 reasons are No market demands the product (42%), shortage of capital (29%) and lack of team enthusiasm or understanding (23%). Other reasons include pricing/cost issues, poor marketing, ignored customers and …
Read the full article at: https://siliconcanals.nl/news/startups/5-notable-dutch-startups-that-went-bankrupt-in-2018/