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Product market fit:<\/b> \u00a0Let\u2019s say you have built an e-commerce product targeting the local market but it has limited internet penetration & \u00a0online banking close to 0%. What happens to your product? It becomes restricted and misfit in the market you are targeting.<\/p>\n
Uber changed its payment policy in India because less than 10% of the Indian population owns a credit card.<\/i><\/p>\n
Traction: <\/b>When you have built a product with little dissimilarity from existing players in the market, how are you going to compete and get purchase?<\/p>\n
Difference of opinion among founders: <\/b>Building a startup is much more than entering into a relationship or finding a friend. It requires a lot of hard work, patience and dedication and is definitely not for everyone. In startups, it is common to see differences in opinions among the founders which results in a bungle.<\/p>\n
Lack of funding: <\/b>Nobody will fund you if you fall in the above three categories namely where you have no money, no traction, no product\/market with illogical partnerships among founders.<\/p>\n
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Product market fit: \u00a0Let\u2019s say you have built an e-commerce product targeting the local market but it has limited internet penetration & \u00a0online banking close to 0%. What happens to your product? It becomes restricted and misfit in the market you are targeting. Uber changed its payment policy in India because less than 10% of … <\/p>\n