Startup Success Rates Decline
Only 2% of startups successfully transition from Seed to Series A, according to new research by ScaleWise.
The number of UK startups making this transition has decreased from 8% to 2% over the past 18 months, based on Crunchbase data.
Key Challenges
- Weak go-to-market strategies
- Poor hiring decisions
- Inflated views of Product-Market Fit
The issue is not ambition but execution.
ScaleWise surveyed 100 startup and scale-up leaders to understand the struggles of young businesses.
Authors summary: Startups struggle to convert strategy into action.
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