BUSINESS & “INDUSTRY 4.0”
Startup is a newly established enterprise, or an enterprise at the foundation stage, which is focused on monetizing an idea. According to the European Association of Business Angels there are launched about 50 million new projects every year (137,000 per day), but 90% of them fail. In the paper we analysed 51 startups, which had a minimum viable product and also some investment, but failed. The main aim of the research was to identify the factors leading to the failure of startups. The result has been to create an overview of the mistakes that young entrepreneurs commit at the early beginning.