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🚀 Why Startups Fail: Top 10 Mistakes to Avoid 🚀 🎥 In this video, I dive into the common pitfalls that cause most startups to fail within their first few years. Based on my decades of experience in the startup ecosystem, I share invaluable insights and practical tips to help you navigate these challenges effectively. 👉 What You'll Learn: 1. Market Needs: Understand how to validate the real demand for your product. 2. Running Out of Cash: Strategies to prevent running out of cash before hitting your key milestones. 3. Gaps in the Team: Tips on assembling a team that can pivot and adapt as needed. 4. Competition: How to stand out in a crowded market. 5. Pricing Mistakes: Aligning your pricing with the value you deliver. 6. Prototype to 1.0 Transition: Avoiding the pitfalls of technical debt. 7. Timing Your Launch: Identifying the perfect market entry point. 8. Maintaining Focus: Keeping your startup on track amidst potential distractions. 9. Go-to-Market Strategies: Ensuring you can reach your customers cost-effectively. 10. Co-founder Dynamics: Preventing conflicts that could derail your venture. 💡 Bonus Insight: Learn about "zombie corporations" and how to avoid becoming one. 🔗 Stay Connected: • 📘 Read the full article for a deeper dive into each topic: [Link to article] • 💬 Join our community discussion below and share your startup experiences and questions. • 👍 Like, Subscribe, and 🔔 Ring the bell for more insights from Lance. 🌟 Whether you're a budding entrepreneur or a seasoned founder, this video is your guide to avoiding common startup mistakes and steering your venture toward success. Let's get your startup on the path to thriving, not just surviving! #StartupAdvice #Entrepreneurship #BusinessStrategy #LanceCottrell #StartupSuccess Read the blog https://ftb.bz/106B Listen to the Podcast https://ftb.bz/Podcast Subscribe to Boot Prints https://ftb.bz/Join The Van Westendorp Price Sensitivity Meter https://en.wikipedia.org/wiki/Van_Wes... 0:00 Intro 1:20 Market Need 2:40 Running Out of Money 4:40 Gaps in the Team 7:10 Competition 9:44 Pricing Problems 13:45 Prototype to 1.0 Failure 16:05 Poor Timing 19:04 Loss of Focus 21:15 Go to Market Failure 24:44 Co-founder Conflict 29:03 Zombie Corporations Lance Cottrell has been an active startup advisor and startup mentor for over a decade. He has helped countless startups navigate the key decisions of their journey, like when to take venture capital investment and negotiating term sheets. He works with many companies in accelerators like Y Combinator and Founder Institute. He provides help with startup funding including raising venture capital and angel investment. He can help you achieve liquidity for your company at a high valuation. Feel the Boot is a startup vlog of tips and advice for early-stage founders.