A recent report by CB Insights surveyed startup casualties in the past few years and revealed that more than half (55 percent) of startups that failed last year had raised $1 million or less. It also calculated that they had an average life span of 20 months from the last funding round if they couldn’t secure additional funding or find a buyer. Not surprisingly, most were focused on Internet technology, though mobile startups were among the casualties.
Since most entrepreneurs can benefit from hindsight, CB Insights has aggregated the musings of CEOs, CTOs and co-founders on some of the causes behind their failed startups. There are even a couple of accounts from investors reflecting on poor investment decisions. We highlighted one by Bruce Booth of Atlas Venture.
Image: http://www.flickr.com/photos/94805433@N00/45436000
