The myth of the genius founder is rife in the technology sector. However, anyone that has seen David Fincher’s The Social Network can tell you that even the very biggest and brightest tech startups will make mistakes.
Tech startups are generally run by smart, young people that have a great idea but no experience of running a company. Recruitment, management, finance and legal issues can all be problems for entrepreneurs that don’t learn from their mistakes quickly.
Here are just some of the mistakes that startups have made, from powerhouses like Uber, Tinder and Slack to fast-growing companies like Settled, Saberr and Laundrapp, and hopefully some advice on how to avoid them.