10 - Andy Davidson on the 5 reasons startups fail

Andy Davidson has created the Nova Co-foundery to help develop businesses from before day one. We discuss how it works and how he developed his company building philosophy. As well as his practical experience, he has extensively researched the issues that startups have. A significant focus is the 5 reasons that startups fail (100firsthits.com). We discuss what these are, why they are a problem and how Nova works to avoid them. This is the first of a two-parter - we were having such conversation we kept going longer than usual. In the next episode we turn our attention to the EIS industry. https://www.wearenova.co.uk/ (We are Nova) Books mentioned: https://www.amazon.co.uk/Lean-Startup-Innovation-Successful-Businesses/dp/0670921602/ref=sr_1_1?crid=19O0US42ZPMFE&dchild=1&keywords=lean+startup+eric+ries&qid=1602091086&sprefix=lean+startup%2Caps%2C158&sr=8-1 (The Lean Startup) by Eric Ries https://www.amazon.co.uk/Crossing-Chasm-3rd-Disruptive-Mainstream/dp/0062292986/ref=sr_1_1?crid=1W5LIQHCAEL9S&dchild=1&keywords=crossing+the+chasm&qid=1602090915&sprefix=crossing+the%2Caps%2C165&sr=8-1 (Crossing the Chasm) by Geoffrey Moore https://www.amazon.co.uk/Four-Steps-Epiphany-Successful-Strategies/dp/1119690358/ref=sr_1_2?dchild=1&keywords=steve+blank&qid=1602158410&s=books&sr=1-2 (Four Steps to the Epiphany) by Steve Blank