The Top 12 Reasons Why Startups Fail

From lack of product-market fit to disharmony on the team, take a deep dive into the top 12 reasons why startups fail.

CBINSIGHTS

Join our first pitch event of this year - "GGW Sharks. Pitch & Networking", on January 5th at 10 am PST.
Investors, who will be judging:

Jordan Wahbeh, Managing Partner at SV Venture Group
Angelica Morrone, President & Co-Founder of Deutsche Suisse Asset Management Ltd
Duránd F. Davis Jr., Founding Managing & GP at M&D Ventures
Ken Ma, Deal Partner / Strategic Sourcing at Ganas Ventures, Angel Investor
Zamir Shukho, Founder & CEO at Vibranium Venture Capital,
and others.

Join us https://www.linkedin.com/events/7011722746422263808

#venturecapital #startups #pitch #sharks #networking #fundraising

Hi GoGlobers!
We decided to use the example of Donald Trump to talk in greater detail about the US tax returns.
The former president hasn’t voluntarily released any tax returns.
After the House Ways and Means Committee voted to release six years of former President Donald Trump’s tax returns have been made public, capping a yearslong legal and political standoff. Here’s what their report revealed. Explained by a US Tax Advisor.

Key takeaways and learnings for entrepreneurs to make sure they follow the law well.

If you need help filing corporate taxes or personal tax returns, please email us at [email protected]

Watch here

What is an elevator pitch for startups?

It's a short summary of the most vital information about your startup to create chemistry with your investors. Usually, it should take no more than 30 seconds, but there are pitches of 45, 60, and 120 seconds, and ideally should not be longer than an elevator ride. In our scenario, we focused on a 1-minute elevator pitch by a startup founder.

We used Airbnb as an example so you can not only learn the technique but apply it right after to win the attention of your investors. It is especially great to have when you need to pitch and you have limited time and no slides. Therefore, a brief elevator pitch should be sufficient to introduce your startup idea and pique the investor's interest, so that sparkles chemistry in their minds to lead you to longer meetings with them.
Don't expect to get a check right after the elevator pitch. It's just not working like that.

Watch here

Join our next pitch event of this year - "GGW Sharks. Pitch & Networking", on January 13th at 10 am PST.
Remarkable Investors that we invited to judge this week:

Bill Reichert, Partner at Pegasus Tech Ventures

Jordan Wahbeh, Managing Partner at SV Venture Group

Duránd F. Davis Jr., Founding Managing & GP at M&D Ventures

Danil Kislinskiy, Founder of Go Global World

Join us!

After nearly three years of Go Global World, long hours, late nights, and weekends, we not only established a startup-investor platform and a global community but finally launched our first mobile app in the web version.

Since the beginning, we are in constant communication with venture investors, startup entrepreneurs, and advisers, so we are among the best at understanding their challenges and pain points as they create a business.

We put together a solution to your challenges and pains into a powerful tool - the GGW app for Matching. Via just one swipe only do business with those who meet your tough criteria. The rest is the magic on our end.

Here is where your Go Global trip begins. This is a reality, not science fiction.

Get free access for up to three months by signing up today.
Seats are limited.

App link

Have you ever failed to speak in public, felt anxiety, or were nervous? Speaking clearly and effectively is hard for many of us, but this is a skill you can train.
If you missed our webinar with Matt Abrahams "Speaking Up Without Freaking Out", we encourage you to watch it. This is an incredible opportunity to learn his communication techniques.

This Thursday!
Join us for a weekly event "GGW Sharks. Startups Pitch & Networking" for investors and startups.

Please register at: 
https://www.linkedin.com/events/ggwsharks-6-startuppitch-networ7018717080141139969/

Key Tax deadlines you can't miss in the US in 2023:
1120s (S corporation)- 03/15/2023
1120c (C corporation)- 04/15/2023
1065 (partnership - includes LLC classified as a partnership) - 03/15/2023
1040 (personal and sole proprietor) 04/15/2023
Delaware Franchise Tax 03/01/2023

If you need help with corporate or personal tax returns, reach out to me or my team at [email protected]. We will help.

#taxes #taxes2023 #tax #1040 #1120 #1065 #llc #ccorp

Hi GoGlobers!

We are starting our pitch event “GGW Sharks. Pitch & Networking” in 10 minutes. Join us via zoom:https://us06web.zoom.us/j/81815377709?pwd=NUN2MCtQZ25xU1pnaEN2ZWhySnE4QT09

We had our sixth episode of our GGW.Sharks event together with an amazing panel of investors.

Check out all of the pitches in the video below:
https://youtu.be/KjEG1DMYLVU

#startups #pitching #entrepreneurship #business #ventures #innovation

Join our event "GGW Sharks. Pitch & Networking", on January 24th at 10 am PST.

Our investor sharks will be:
Zamir Shukho, Founder & CEO at Vibranium Venture Capital

Angelica Morrone, President & Co-Founder of Deutsche Suisse Asset Management Ltd

Duránd F. Davis Jr., Founding Managing & GP at M&D Ventures

Jordan Wahbeh, Managing Partner at SV Venture Group

Matthew Stokey, Managing Partner and Head of VC for Oasys Capital and others.

Join

“Microsoft confirmed Monday it has agreed to a “multiyear, multibillion-dollar investment” into OpenAI, the startup behind the artificial intelligence tools ChatGPT and DALL-E.
The deal has been rumored for weeks. While the exact dollar amount was not confirmed, Semafor reported earlier this month that Microsoft was in talks to invest as much as $10 billion.
The deal follows a $1 billion investment in 2019 from Microsoft into the AI startup. That deal made Microsoft’s Azure the exclusive provider of cloud computing services to OpenAI.”

@Crunchbase

THE BIG BUSINESS OF FRAUD: MANNING THE DIGITAL GATES

"According to the UK government’s latest National Fraud Initiative Report, fraud is estimated to account for 40% of all crime committed across the UK. 
And as fraud rates soar, so have scammers targeting neobank customers. Data collected by the UK’s Financial Ombudsman Service (FOS) shows that fraud complaints against Monzo, Revolut and Starling have increased over a three-year period.
With these worrying statistics in mind, startups are looking for innovative and effective ways to protect their customers.

In latest edition of Sifted Talks, they reviewed how digital verification can remain as seamless and non-invasive as possible, how to get inside a fraudulent mindset and strategies for uncovering fraud patterns.”

https://sifted.eu/articles/big-business-of-fraud/

We had our seventh episode of our GGW.Sharks event together with an amazing panel of investors.
https://youtu.be/NN3ruakHkRk

Forbes ’30 under 30′ entrepreneurs raise $3M for remote work productivity startup backed by Meta

“After more than a year of remote work, Devin Ajimine and his friends could not find a productivity tool that would help them stay focused.
So they decided to build one themselves over a weekend.
“We threw it up on TikTok, then it went viral multiple times,” said the 25-year-old Seattle entrepreneur and Hawaii native.
The tool they showcased, called LifeAt Spaces, was seen and shared millions of times on various social media platforms. Viewers were instantly drawn to the concept: Consolidating and organizing a set of productivity tools onto a single platform, letting users create their own digital office from a browser or desktop app.
Ajimine said the goal is to eliminate cluttered desktops. That thesis struck a chord: the app has been downloaded more than a million times.” GeekWire

Shall we test it? :)

"What kind of fintech ideas would VCs like to see more of in 2023? And what market opportunities might the rocky macro climate create? Sifted asked some of the continent’s top fintech investors for their thoughts.

- Embedded finance for enterprise
Sophie Winwood, principal at Anthemis and cofounder of WVCE

- Solutions to capital markets pain points
Rana Yared, general partner at Balderton Capital

-Open banking for financial services
Luca Bocchio, partner at Accel

- More financial superapps
Jeppe Zink, partner at Northzone

- A platform for due diligence
Julia Andre, partner at Index Ventures

- Companies with great unit economics
Khalil Hefaf, investment manager at Target Global

Potential founders: take note!"

Join us to pitch to the GGW Sharks on Friday,
February 10, at 10:00 AM PST the judges will be
 
Bill Reichert
Partner at Pegasus Tech Ventures
 
Lucy Pless
Investor at Bessemer Venture Partners
 
Zamir Shukho
Founder & CEO at Vibranium Venture Capital
 
Duránd F. Davis Jr. 
Founding Managing & GP at M&D Ventures
 
Danil Kislinskiy
Founder of Go Global World
and others. 
GGW Sharks is a weekly recurring Startup Pitch & Networking event for tech founders to do elevator pitches to global investors without slides, get questions, and build global connections. So exciting to see our global startup ecosystem helping in business creation around the world.

RSVP now

Congratulations to Miguel Santo Amaro 🇵🇹🇺🇦🇪🇺 and team Coverflex!

Sifted: "Founders typically spend a big chunk of change every month on employee benefit programmes — from mental health to meal cards — but take up is often low. 

That’s the problem that Coverflex — a Lisbon-based flexible compensation startup — is looking to solve. Today it’s announcing a €15m equity Series A round to scale its all-in-one compensation platform, which already includes the likes of Revolut, Santander and Bolt as clients.
Here’s the pitch deck that Coverflex used to secure its Series A."

Are we in a recession?

“Now we’re in that period where you have to face the music,” said Fuse Senior Associate Sara Lindquist.

Venture-backed companies raised a total of $209 billion last year, down 36% from the year prior, according to a funding analysis by Ernst & Young. This funding slowdown is likely to continue in the new year, with interest rates still moving steadily upward in the face of persistent inflation.
To make sense of these headwinds, a group of venture capitalists shared their investing outlooks. The panel included Madrona Investor Elisa La Cava; Founders’ Co-op General Partner Aviel Ginzburg; Voyager Capital Partner James Newell; and Lindquist. The discussion was moderated by GeekWire Managing Editor Taylor Soper.
Read on for our four main takeaways from that discussion."
GeekWire

It took Instagram and Spotify around 2.5 months and 5 months, respectively, to reach 1M users. OpenAI’s new generative AI-powered chatbot ChatGPT, on the other hand, reached 1M users just 5 days after launching at the end of November 2022. In January 2023, it set another record, reaching 100M monthly active users after 2 months. For comparison, it took TikTok 9 months to hit the same threshold. Its climbing popularity is also reflected by a rapid rise in the volume of Google searches on the topic as well as the number of r/chatgpt subreddit subscribers.

CBINSIGHTS