CBI Insights’ grim sounding 2020 report entitled 339 Startup Failure Post-Mortems found that 70% of upstart tech companies fail. When it comes to consumer hardware startups, 97% eventually die or “become zombies.” And what were the top three reasons for startup failure? No market need Ran out of cash Not the right team (lack of diversity in skills and experience) Harry had Dumbeldore, Luke had Yoda, and Daniel had Mr. Miyagi. While your startup may not be facing an imminent attack by death eaters, stormtroopers, or teenage ninjas, having the right mentor in your corner can seriously help when it…
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