Introduction
Venture capital stories often focus on unicorns, but the reality is most startups don’t make it. As investors, we’ve learned just as much — if not more — from the failures as from the successes.

Common Reasons Startups Fail

• Building for investors, not customers

• Founder misalignment or burnout

• Inability to scale operations

• Overestimating market size

• Lack of governance and financial discipline

Our Biggest Lessons

1. Early governance matters – Ignoring it leads to chaos later.

2. Founder resilience is as important as product-market fit.

3. Scaling too early kills more startups than scaling too late.

4. Ecosystem support isn’t optional — it’s survival.

Why We Share This
Transparency about failures builds trust. It also shows founders that mistakes are part of the journey — the key is to learn and adapt quickly.

Conclusion
VCs shouldn’t just celebrate wins. By openly discussing failures, we strengthen the entire ecosystem and help future founders avoid the same traps.