According to CB Insights, 70 percent of all start-ups go out of business during the first 20 months of operations, not to mention Companies which, although they do exist, are struggling to survive. Another survey shows that hardware companies that have raised funds through crowdfunding services have gone bankrupt in as much as 97%. To find out the cause of this phenomena, CB insights analyzed 101 cases, basing their research on key reasons given by the companies themselves: 42% of the surveyed said that their product did not meet the expected market demand, 29% of companies simply run out of money, 23% believed that they had mismatched team members, 19% did not stand up to competitive pressure, 18% wrongly calculated the price, comparing it with costs, 17% admitted that the […]