Which startups do you think are doomed to fail in 2024 and why?

Question

Have you ever thought about this?

Ronald Young · Accepted Answer

Startups that are too reliant on hype and not enough on building real solutions to real problems. Just raising a big round or hiring a bunch of ex-FAANG engineers doesn't guarantee success. You gotta stay laser focused on your customers and constantly iterate based on their needs and feedback to survive in this market.

Rinat Gainutdinov · Answer

@rahulparmar2405 Can privacy tech startups compete successfully if they focus on meeting user standards?

Rinat Gainutdinov · Answer

@bensongao I agree, many people spend very little time studying the market.

Benson Gao · Answer

I have participated in many startup competitions and noticed that while many teams excel in product development, they don't thoroughly explore the market. As a result, it's predictable that these products will gradually fade away

Answer

@rinat_gainutdinov Yes, privacy tech startups can succeed by focusing on user standards, as demand for data protection grows. Meeting user expectations builds trust, a key advantage in today’s privacy-conscious market.

Answer

Startups relying on outdated tech or lacking clear value may struggle in 2024, especially if they can't adapt to market needs.

Answer

Startups that are hyper-focused on hype/fundraising instead of actual product-market fit. Too many founders think raising a big seed round means they've made it... gotta stay hungry and keep innovating to survive long-term, especially in a tougher 2024 environment where money won't flow as freely to half-baked ideas. 💡 Grit > Glitz

Which startups do you think are doomed to fail in 2024 and why?

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