Our Achievements

Why startups fail: read the article featuring KindGeek on Yahoo Finance

1 Mins read

10% of startups become dysfunctional in their first year, and 90% fail in the long run. While the statistics might be scary for emerging tech startups and novice entrepreneurs, the good news is that they have got a lot to learn from. 

At Kind Geek, we worked with dozens of startups to develop software that would quickly penetrate the market and be relevant for the final users. During these six years, we have seen both startups that raised billions of dollars of investments and ones that did not work out well. There are a few takeaways we have learned from the close cooperation with startups and individual entrepreneurs. DesignRush and YahooFinance recently shared a few insights from the top-rated software consultants to reveal the biggest mistakes tech startups make when building their products. 

One of those mistakes is measuring once, cutting twice. 

Co-founder and COO of KindGeek, Yuriy Gnatyuk, says investing in the discovery phase pays dividends in the future.

“One of the biggest mistakes companies make in the software development space is starting any kind of coding without the discovery phase (BA, architecture composing, tech stack decision, and UI/UX research planning),” said Gnatyuk. “Each dollar you invest in preparation before the beginning of the project will save you $100 or even $1000 in future development phases and product circles.”

Read the full article highlighting KindGeek on YahooFinance. 

Related posts
Our Achievements

KindGeek Ranked One of 30 Top Custom Software Development Companies

1 Mins read
In October 2021, KindGeek was rated among the world’s 30 best custom software development companies by DesignRush. The company was honored with…
Our Achievements

KindGeek is among the top 3 fintech software development companies

1 Mins read
We are thrilled to announce that KindGeek is among the top 3 Fintech software development companies due to DesignRush.
Our Achievements

KindGeek is featured on the Top Mobile App Developers list

1 Mins read
Up&Up – this is how we call 2021 at KindGeek so far. We are excited to announce that we got one more achievement in our 2021 collection. KindGeek was featured in the highest-ranking B2B companies in the app development space list.

Leave a Reply

Your email address will not be published. Required fields are marked *