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How painful patterns fail the Startups? Avoid them.

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  In this Article:  Six Reasons Why Startups Fail When Quincy Apparel first launched back in 2011,  Tom Eisenmann , Harvard Business School Professor and Chair of Harvard Innovation Labs, had complete confidence in the company. So sure this new eCommerce apparel brand would be a success, he even invested in it. After all, he knew the co-founders well: They had been his students at HBS. And, they had executed “textbook-perfect” MVP testing to validate their idea. There was real customer demand, and the team quickly raised a $1 million Seed round. But despite all these signals, Quincy Apparel burned through cash without making enough progress to raise more. By 2013, the company shut down. What happened? “I could point to a lot of things that went wrong, but I couldn’t pinpoint the cause,” says Tom. After watching Quincy Apparel—and countless other startups—go through this tumultuous experience, he set out to determine the patterns of failing startups. He surveyed 470 early-stage founders
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How to acquire or Hire Best Talent for own Startup?

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  A company is only as good as its team, which is why the startup hiring process is so critical as you build out your startup. Hiring the wrong person will cost you far more than time and money—it can be the difference between becoming a market leader and a market laggard. Or worse, a bad hire can destroy your business. Startups often hire the  brightest  talent they can find, expecting them to produce the best results without making sure those hires are the right ones for  your  startup . Some well-intentioned founders   recruit aggressively, sell hard, or pay up to get the perceived best person, only to find they’re not right for the company. But even if they work for a while, a force-fit hire will ultimately be rejected like a misplaced organ transplant. 1:56:39 ● ● ● ● ● ● ● 0:00 Finding people who fit does not mean giving up on diversity. By definition, diversity allows a company to collect from a fuller range of talents, capabilities, and learnings available in the labor pool. It
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