Back in 2014, we started to investigate the common causes of business failures in Mexico. Our results showed a clear need to dig deeper to discover why businesses in strategic sectors, such as tech startups, fail. To do this, we needed to study both cases and data and for this reason the following report consists of two parts.
The first is a collection of 10 stories each looking at the failure of a tech startup. The second is an overview of the dissertation thesis of Rubén Valencia, an investigator at the EGADE Business School and without whom this study would not have been possible. For those interested in reading Rubén´s thesis it can be found here: Valencia, R. (2016). “El Fracaso de la Micro, Pequeña y Mediana Empresa de Base Tecnológica en México”. Tesis Doctoral. Instituto Tecnológico y de Estudios Superiores de Monterrey. Escuela de Posgrado de Educación, Humanidades y Ciencias Sociales. Campus Monterrey. The Failure Institute would like to thank Rubén and his advisor, Dr Consuelo García de la Torre, for daring to rigorously study such a taboo subject.
Finally, we would like to extend a special thank you to the hundreds of entrepreneurs who shared their cases with us. This investigation would not have been possible without their stories.