Calling All Student Entrepreneurs: Tell Us About Your Startup

The Recipe For Startup Failure

|
Jan 28, 2016

This question originally appeared on Quora: Why do so many startups fail? Answer by Keith Rabois, Internet entrepreneur, investor & contrarian. General Partner, Khosla

Keith Rabois
Keith Rabois

90% of the time consumer Internet companies fail for one reason: Inability to acquire and retain a substantial number of users.

In isolation the founders can articulate a reasonable value proposition, but in the real world cutting through the clutter of the 3,000 advertisements per day that the average American is bombarded by is extraordinarily difficult.

There are only 24 hours in a day and most are already claimed by family obligations, work, sleep and existing entertainment options; even if you get a user's attention your new product needs to be so compelling that he is willing to forego something else he is already invested in.

To be truly successful on the Internet, you need to build something that becomes one of seven sites that a large swath of users will regularly use. Quite difficult.


Register to read this article in full and more insight articles!

By registering, you will be signed-up for an account which gives you access to our premium stories published a few times a week and archives of all our premium stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account. We have a strong privacy policy. We will never share or sell your data to anyone.

What you get
In-depth actionable analysis

In-depth analysis on startup, business and technology scene in Bangladesh that you would not find anywhere else.
Daily and weekly newsletter
Get our daily and weekly newsletter with our most important stories directly to your inbox.
Join the conversion on this article and more on our public Telegram Group

In-depth business & tech coverage from Dhaka

Stories exclusively available at FS

About FS

Contact Us

Shares