16 Common Mistakes Young Startups Make

Are you working on a startup? If so, I hate to break it to you, but there's a good chance it will fail. In fact, recent research shows that 75% of startups fail (based on a study of 2,000 startups that received VC funding from 2004 to 2010). Odds are, you won't be a Brin, a Zuckerberg, a Systrom, a Karp or a Fake.

But hard as it may be, don't let that statistic discourage you. Some startups are destined for failure. Perhaps the team is working on a product that really isn't that great or useful. Maybe they're trying to tackle too many problems at once. Or maybe the co-founders have a poisonous relationship that will hinder the company's growth. Maybe they never thought about product-market fit. Whatever your company's "fatal flaw" may be, you can likely avoid it in your own venture if you take some advice from people who've gone through the early startup phase before. Lucky for you, time-strapped entrepreneur, we've gathered some tips from the pros to help you avoid some of the most common, game-ending mistakes committed by young startups.