The Startup Founder Double Whammy: Low Software Development Success Rates and Startup Gotchas
Expensive Technical Resources, Changing Burn Rates and Technical Debt We wrote before how after twenty five years the success rate for software development teams across all industries has increased from 16% to only 29% being on time and within budget. The startup founder who enters this arena should be aware of this because they already know that there will be startup “gotchas”, also known as challenges, that are unique to startups and early stage companies and unlikely to be an issue with traditional enterprise teams. These challenges are many. Whether they are bootstrapped or venture-funded, they have extremely limited money for software development, which can be expensive. The product is Read more