Startup failures - why they fail?

A first time entrepreneur always under estimate the difficulties. Each voyage is a ship with 2000 holes - each hole is only visible when the boat is in water.

Why startups fails for the first time

The illustration of why startup is risky

Full size image from teensharks

Why is startup risky? there are many failure modes, and each is only visible to the entrepreneur when you are in the water. You must know all of them before you are safe.