When founders want to build a business with strong competitive edge, but don't have the right knowledge and affordable tools, roiquant solutions help founders validate the market at minimal cost, so they can make data-informed decisions to improve and innovate their business.
Try roiquant free, no credit card required. *Formerly known as Flipidea.
Over 85% of companies worldwide won't survive up to 10 years.
Evidently, the shutdown rate is staggeringly high.
Our mission is to help founders reduce risk of business failure.
Top 10 reasons why companies shut down
Strong competition - 9.0% (92) Poor business model - 6.5% (67) Lack of funds - 5.8% (59) No product-market fit - 5.0% (51) Failed fundraising - 4.4% (45) Failed acquisition (takeover) - 4.0% (41) Poor product-market fit - 3.7% (38) Acqui-hire - 3.7% (38) Acquired - 3.5% (36) Covid-19 pandemic - 3.1% (32)
Note:
Postmortem analysis of 1,026 shuttered companies with recorded reasons for shutdown.
Total of 127 unique reasons for shutdown were identified.
Pie chart is only showing the top 10 reasons for shutdown (total 48.7%), while the remaining 51.3% of reasons are hidden.
Lifespans of companies
Note:
37.1% of companies shuttered within 3 years.
26.5% of companies shuttered in 3 to 5 years.
89.2% of companies shuttered within 10 years.
Based on 8,377 inactive companies with recorded operational duration data.
We help you
Our solutions solve problems for
Unique value proposition
We serve founders who are dissatisfied with expensive tools and noisy data by building intelligent data-centric solutions to power decisions, risk analytics, and data intelligence. Unlike our competitors, roiquant's affordable startup intelligence empowers founders to analyze, validate, and innovate their businesses.