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 achieving this milestone has decreased from 8% to 2% over the past 18 months, based on Crunchbase data.
Challenges Facing Startups
- 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 obstacles hindering young businesses' progress through funding rounds.
Author's summary: Startup success rates have declined significantly.