When founders want to build a business with strong competitive edge, but don’t have the right knowledge and affordable tools, Flipidea solutions help founders validate the market at minimal cost, so they can make data-informed decisions to improve and innovate their business.
Every year, more than 50 million new and small businesses around the world shut down.
Evidently, the shutdown rate is staggeringly high.
Descriptive analysis based on 1,000 shuttered companies
125 unique reasons for shutdown
Pie chart is only showing top 10 reasons for shutdown (total 49%) while the remaining 51% are hidden
Top 10 reasons why companies shut down
strong competition - 9.1% (91) poor business model - 6.7% (67) lack of funds - 5.8% (58) no product-market fit - 5.0% (50) failed fundraising - 4.3% (43) failed acquisition (takeover) - 4.0% (40) acqui-hire - 3.8% (38) poor product-market fit - 3.8% (38) acquired - 3.6% (36) covid-19 pandemic - 2.9% (29)
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We serve aspiring and early-stage founders who are dissatisfied with expensive tools and saturated data by using data science to discover insights from business failures. Unlike our competitors, Flipidea's affordable startup intelligence platform empowers founders to analyse, validate, and innovate their businesses.
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Customer value proposition
Founders, we know you value insightful data and intelligent tools. This is why Flipidea’s affordable startup intelligence is great value for you because you’ll learn to reduce costly mistakes, make prudent strategies, compete innovatively, and fundraise strategically. Create your FREE account now.
Disclaimer: Any information, data and content on our business intelligence platform, web applications or websites are for general information use only. The information and analyses presented on our web applications and websites do not constitute any legal, business, investment or tax advice. Even though certain information are cited from third-party sources while believed to be reliable, Flipidea has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for any given situation. References to any securities or charts or graphs and all materials provided in connection with Flipidea’s web applications or websites are provided strictly on “AS IS” basis without any representations or warranties, express or implied, which should not be relied upon when making any investment decision. Any projections, estimates, forecasts, targets, recommendations, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Our proprietary data retrieval systems scan the Internet to automatically aggregate public information from news articles, websites, press releases, regulatory filings, and so on. Flipidea’s idea checker, tools, simulations, intelligence and algorithmic systems are powered by artificial intelligence and advanced analytics using our own proprietary data and synergised public data. Flipidea does not warrant the completeness or accuracy of data provided, so you would need to independently verify the information. Nevertheless, we encourage you to check the accuracy of our information before its use. We also gently advise that you obtain sufficient knowledge, market understanding, professional advice and experience to make your own evaluation of the merits and risks of any actions with the information.