Startup Accelerator for Enterprise SaaS | News and Events

News and Events

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90% of the startups fail and don’t see light beyond 2nd year. Everyone talks about success stories but it’s super important to learn from the companies that did not do well. Some are finding a problem to their solution, some are finding a monetization strategy and others couldn’t go beyond initial 5-10 customers. Why does this happen in spite of the smartest of people coming together to build startups? Product10x will bring insights from talking to over 110+ startups in the past 2 years.

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At Product10x, they believe that the company’s success is dependent on building the right products and focusing on fundamentals of understanding the problem domain, user journeys, delightful customer experiences, and finding a way for profitability with sustained growth.

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Although many venture capital firms invest money on the right technology, and in the right industry segments, 90% of the startups fail in the first year itself,” says Suresh Madhuvarsu, founder & partner at Product10x. He asserts that emphasis on technology without understanding the business and user aspects leads to such undesirable outcomes. From a conceptual point of view, one-time products and ideas work well. However, when it comes to defining and executing product strategy, understanding the end user’s needs and expectations is essential.