Only 2% of startups make it from seed to Series A, according to new research by ScaleWise.
Key Findings
The number of UK startups graduating from seed to Series A has decreased from 8% to 2% over the past 18 months, based on Crunchbase data.
- Weak go-to-market strategies
- Poor hiring decisions
- Inflated views of Product-Market Fit
The issue is not ambition but execution.
ScaleWise surveyed 100 startup and scale-up leaders to understand the challenges faced by young businesses in progressing through funding rounds.
Author's summary: Research finds only 2% of startups succeed.
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