Every entrepreneur dreams of building a successful startup, but the harsh reality is that many businesses fail. In today’s world, the startup failure rate is extremely high, with around 90% of startups failing within the first five years. The reasons for this high failure rate are many and varied, including a lack of market demand, inadequate funding, poor management, and …
The Rise and Fall of Shoes of Prey: A Custom Shoe Startup’s Journey from Success to Closure
As a startup founder, one can learn a great deal from both success stories and failed ventures. Shoes of Prey, a once-promising startup, experienced a roller-coaster journey before its eventual decline. In this blog, we will discuss the company’s rise and fall, the reasons behind its failure, and the lessons that startup founders can take away from its story. The …
The Rise and Fall of Take Eat Easy: A Cautionary Tale for Startup Founders
In the world of startups, success stories often make the headlines, while the failures are relegated to the sidelines. However, as a startup founder, it’s important to learn from both the victories and the failures of others. In this blog post, we will dive into the story of Take Eat Easy, a once-promising food delivery service that ultimately filed for …
How to Get Rich (without getting lucky) by Naval Ravikant
Naval Ravikant, CEO and co-founder of AngelList, who is famous as a philosopher CEO. As an investor, he has invested in over 100 companies including Uber, FourSquare, Twitter. In 2018, he went bonkers on Twitter and posted 39 learnings on “How to Get Rich (without getting lucky)”. Here are the learnings for you to ponder. Seek wealth, not money or …
What is Average Transaction Value? What is the formula and why it is important
Average Transaction Value (ATV) is the key performance indicator used to measure the success of a company’s transactions, including purchases and repeat sales. Understanding ATV can help you uncover insight into customer behavior, optimize your marketing campaigns for higher orders, drive up revenue and get more out of each purchase. In this complete guide, we’ll explore what Average Transaction Value …