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From burnout to money problems - why startups fail

08/20/2021| 4:17:28 PM| 中文

35% travel startups fail due to a lack of market need.

The last 18 months may be considered a write-off when it comes to comparative analysis of the travel startup landscape.

Companies of all shapes, sizes and ages have faced enormous challenges as their markets have disappeared overnight and any return to some sense of business as usual has been lukewarm at best for many.

CB Insight's analysis of more than 110 failed businesses came up with a list of the top 12 causes:

Ran out of cash/failed to raise new capital - 38%

No market need - 35%

Got outcompeted - 20%

Flawed business model - 19%

...

CB Insights says the percentages exceeded 100% as many businesses offered multiple reasons for a failure.

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TAGS: travel startup | travel funding |
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