Startup success is like baseball where hitting 3 out of every 10 at bats is phenomenal! That means that 7 out of 10 times you fail. Phenomenal!
I am asked this question many time. Why do 4 out of 5 business fail? Well, there are many reasons. From under capitalized businesses who run out of cash before they reach critical mass to those who just do not have a product people want, there are many, many reasons. Like the baseball player, there are too many reasons to count. The difference is there is no minor league for starting a business. So think about the major league hitter that is thrilled to end the season getting a hit of any kind 3 times out of 10 at-bats. This is really hard!