STARTUPS: Travel startups have a worryingly low success rate, with somewhere in the region of 60-70% of new businesses failing within their first four years from launch. The reasons are numerous: poorly thought out marketing strategy; no market need for a product; and general bad decision-making on finances. The reasons given by one of the moneymen is a fascinating read. Read more on Techworld.
Accel Partners is a venture capital firm with up to $8.8 billion (£5.7 billion) at its disposal to back startups with.
In recent years it has cashed in on the successes of fast-growing companies like Kayak, QlikTech and Supercell, but not all of its portfolio companies survive.
In fact, approximately a third of the companies that it invests in end up going out of business.
Here, Fred Destin, a partner based out of the firm's London office in Mayfair, reveals what causes startups to fail in their first two years and how cofounders can avoid the pitfalls.
Read more on Techworld
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