Whether or not you think your start-up is a great idea the cold hard truth is that 90% of technology start-ups fail. Even power house companies, such as Facebook and Twitter, have gone through rough patches and have had to redesign their site in order to keep users interested.
An interesting inforgraphic from Allmand Law decodes the successes and failures of well-known tech startups from Zynga and Shopkick to AirTime and MySpace, in an effort to lay out why some companies aren’t as successful as others
“The successful startups seem to be flexible enough to shift with changes in the tech climate,” an Allmand Law spokesperson told Mashable in a recent article. “Whereas with the failed startups, some fail due to a lack of vision and others have terrible timing. Ultimately, there is a lack of foresight which might have saved their companies.”
Look over the infographic below for more information on why more than 90% of tech start-ups fail.