“The successful startups seem to be flexible enough to shift with changes in the tech climate,”
an Allmand Law spokesperson told Mashable. “Whereas with the failed startups, some fail due to a lack of vision and others have terrible timing.
There’s a hot new startup in the limelight more often than not — but the cold truth is 90% of technology startups fail. Even companies which make it big out of the gate often lose momentum and shift from a potential powerhouse to a thing of the past.
A new inforgraphic from Allmand Law analyzes the successes and failures of well-known tech startups from Zynga and Shopkick to AirTime and MySpace, helping us understand why some companies fall short.
Ultimately, there is a lack of foresight which might have saved their companies.”Check out the infographic below for a deeper look at some of the industry’s biggest success stories — and their not so lucky counterparts.Why do you think some startups succeed while others fail? Let us know your thoughts in the comments.