Most startups fail. Some fail because they get outcompeted. Should competition be your main worry when you come up with a brand new startup idea?
According to CB Insights, competition is the fourth most common reason for the failure of a startup. Competition was the main cause of failure for 19 out of 101 analyzed startups in their dataset. The most common reason, however, was lack of market need – the cause of failure fор 42% of the companies. READ MORE