You may not know it from the headlines, but most startups fail.
Some go out in dramatic implosions that leave people without jobs overnight. Some just face a slow decline until they stop.
The reasons startups fail are as varied as what they're working on, but thanks to a new genre of "startup post-mortems" we can take a look at some of the reasons companies say they met the end.
SEE ALSO: 9 crazy things tech companies have bought for their execs
Why do startups fail? A CB Insights study points to a lack of market need, running out of cash, and a bad management team as the main causes. But every story is different ...
Rdio, streaming music: "Rdio, I guess, made the mistake of trying to be sustainable too early. That classic startup mistake of worrying about being profitable and having a business that makes any sense before you’ve reached this astronomical growth curve. Which is partly the trap of the business model itself — because of the content licensing deals, the margins for the business were so incredibly thin. No matter what we did, the labels made the lion’s share of the revenue. You have to make it up with extreme volume, which is why you see Spotify going after every human being in the world"— Head of Design Wilson Miner
Sidecar, ride-sharing: "We were unable to compete against Uber, a company that raised more capital than any other in history and is infamous for its anti-competitive behavior. The legacy of Sidecar is that we out-innovated Uber but still failed to win the market. We failed – for the most part – because Uber is willing to win at any cost and they have practically limitless capital to do it."— Sunil Paul, cofounder and CEO
See the rest of the story at Business Insider