70% of startup ideas suck.
Is there anything to support that claim? ... why not 99%
Is there anything to support that claim? ... why not 99%
This article (https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-star...) claims that 42% of startups fail because there's no market demand. Which doesn't include startups that found market demand, but didn't offer what the market needed (e.g. market values the offer but doesn't (or too little) want to pay for it). For failed startups in general, this article mentions a failure rate of 90%, but the reasons are diverse.
As I'm focusing on the validation (and some ideation) phase, the first metric made the most sense. Thanks for being critical!