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[CHART] Top 20 Reasons Startups FAIL



Grrrrrrreat! You’ve found yourself a million dollar, BILLION DOLLAR idea! Now you want to be the next Mark Zuckerberg. Dope.

Here’s the bad news… You’ve probably heard that famous statistic that 90% of startups fail.

(I personally find that stat to be a piece of fallacious, unscientific bullshit. Seriously. How many of those “startups” are just pipe dreams that never actually launched? But that’s another story for another day…)

Whether true or not, it’s generally accepted that a high percentage of startups do meet an early demise. According to research from our homies at CB Insights—which I do trust—a very high 70% of real startups end up having to bite the dust.

Even among those with funding — which excludes wantrepreneurs, no-hopers and bozos — nearly HALF of funded companies never make it past that stage.

And even if you do survive this bloody carnage, the odds of becoming a unicorn — a billion dollar business — are next to nil.


In fact, less than one fucking percent of companies, 0.91% to be exact, end up earning unicorn status.

And yeah, just like you thought: Those ones are among the most hyped tech companies of freakin’ ever, including Uber, Airbnb, and Slack.

OK, now that this apocalyptic tirade is over, you’re probably wondering (sh*t, I’M even wondering)…

Why do the startups fail?

The beasts at CB Insights actually looked through 101 startup suicide notes and broke down exactly why these startups never make it to the promised land.

Check it out.



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Millennials To Gen Z: 5 Ways They Differ In The Workplace




There has been plenty of focus on millennials in the past few years, but it’s now time to redirect our attention to Gen Z. Right now Gen Z is entering the workforce and are ready to become the face of corporate America.

While there are plenty of similarities between Gen Z and Millennials, let’s look at a few ways they differ.

Gen Z is more competitive

Millennials have been said to be collaborative and teamwork focused and want to operate in an environment where they feel included and part of something bigger. Gen Z is said to be more competitive and want to be judged based off of their individual performance.

Gen Z also understands that there is a need for consistent development in skills in order to compete. This generation will do whatever it takes but certainly wants to reap rewards for it.

Gen Z is highly idependent

Gen Z typically likes to work alone and many of them would rather have their own office space as opposed to working in open and collaborative environments. This generation also prefers to manage their own projects, so their unique skill sets can be exposed.

Gen Z does not want to depend on others to get things done.

Gen Z prefers face-to-face communication

Millennials love to communicate via email, text, and anything other than face-to-face. The Gen Z group are huge in-person interactors and prefer it over the less personal email or text.

Millennials have received a lot of “bad press” for being so attached to their phones and Gen Z wants to transition out of that shadow. This generation will want more in-person meetings to discuss projects, etc.

Gen Z knows technology

Gen Z has known nothing other than technology their entire lives. They grew up with Facebook, texting, etc. Millennials still grew up with landlines and dial-up internet.

While Millennials are tech-savvy, Gen Z has been living in a world of smartphones for as long as they can remember. This generations relationship to technology is almost instinctual rather than learned.

Gen Z expects the workplace to conform to their needs

Gen Z wants everything to be catered to their needs. This is why companies have had to re-think the amenities they offer and how they structure their offices in order to meet the needs of this young workforce.

Companies now have to appeal to this younger mindset and have a less cookie-cutter approach to the environment they create for their employees. While millennials also expect the workplace to conform to their needs, for Gen Z, it could mean the difference between accepting a job offer or not.

There are obviously very clear differences between these two generations. Yes, every member of a generation will have their own unique traits and characteristics, but overall you will see that Gen Z is a more independent and technologically-advanced group in comparison to Millennials.


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GRAPH: 63 Fintech Startups That Are Targeting Millennials



Many fintech startups are leveraging existing technologies already popular among young adults such as social networks and mobile messaging.

Project crowdfunding sites GoFundMe and Andreessen Horowitz-backed Tilt, for example, mirror or take advantage of social networks and are largely popular among college audiences. Google Ventures and General Catalyst-backed HelloDigit transfers money directly via text message.

The graphic below breaks down the set of primarily US-based fintech companies appealing to the millennial generation including RobinhoodAcornsWealthfrontEarnest and more. (As we’ve also highlighted separately, startups in the digital banking market have attracted more than $10B since 2010.)

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