03/01/2022
Startup struggle?
#1) 42% of start-up fails due to misreading market demand. Entrepreneurs often jump-start prototypes rather than assessing the market and creating interest in the product. Would it not provide great confidence to entrepreneurs if the startup starts with assessing the interest of the product and creating potential customer even before writing a single line of code?
#2) 29% of the startup fails due to running out of fund which is typically personal money. Is there an ecosystem that is aligned with product success, but does not profit out of partner's money?
#3) The third common reason accounting for 23% of failure is the gap in team expertise. Is there an alternative, to cost-efficiently build a team?
TECHNO VC!
• Get involved early in the startup journey at conceptualization stage.
• Get guidance on product viability with experience across multiple startups.
• Strengthen the team including building products with right expertise.
• The collaboration is at cost and their benefit is based on the success of the product. You would save approximately 50% of the product build cost.
