You know why some startups that are working on some of the great ideas/products fail? You would think that they have a great idea, have a great team, and have a backing of the leading VC firms in the industry, but often times they end up in the dead pool after a few years.
There are of course many reasons for their failure, but to drive the idea of this post, ceteris paribus – mostly it’s because of the person, the leader, the entrepreneur behind the idea. Yes, I think, one of the most important requirements for a startup to succeed is to have a founder who is absolutely obsessed with his/her idea (provided that product/market fit has been achieved), very passionate about it and driven by it on daily basis. And most importantly, he/she is involved in all the important decisions about the product; from marketing to design to product features to User Interfaces… etc, basically end-to-end involvement. This is necessary. It’s a pre-requisite. Especially in the early years of a startup.