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The Startup Compass’ (www.startupcompass.co) research demonstrates two key findings for early-stage businesses:

1. Premature scaling is the fastest path to failure; and

2. CEO’s with mentors to provide benchmarks are 7 times more likely to be successful than those who lack such critical reference points.

While these findings are not necessarily a surprise and unfortunately there was little data provided to corroborate the significance of these findings it is worth a quick reflection.

If you are an early-stage business in the software industry (yes they have limited their focus to software businesses at this time) then it is worth having a look at their benchmarks.

 

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