Short Essay #1 — Why a Startup Dies

A startup dies because it can’t find product market fit before it runs out of money. The only way to run out of money is to have money…

A startup dies because it can’t find product market fit before it runs out of money. The only way to run out of money is to have money. Therefore, a startup that raises a seed/angel round before it finds PMF (Product Market Fit) is 10x more likely to die compared to a bootstrapped startup that finds PMF and then raises funding.

For funded startups, the c…