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Scott Meacham

This is the third column in my series about things that can and do lead entrepreneurs to fail.

Technical founders being unwilling to accept the advice and experience they need to carry their ventures forward was No. 1. Founders who are so enamored with their product that they believe they are a proxy for their customers and ignore the mirror of the marketplace was No. 2.

No. 3 on my short list of things that cause startups to fail is not having enough capital. I don't mean “not having enough capital” in the way you might expect, at least not in the way that I do when I write about the dearth of seed-stage capital.