10: The 5 reasons startups fail | Andy Davidson of Nova

20 Oct 2020 / Podcast Tax Advantaged

By Dr Brian Moretta

Andy Davidson has created the Nova Co-foundery to help develop businesses from before day one.

In this episode of The EIS Navigator, Brian and Andy discuss how the Co-foundery works and how he developed his company-building philosophy.

As well as his practical experience, Andy has extensively researched the issues that startups have. A significant focus is the five reasons that startups fail (100firsthits.com). We discuss what these are, why they are a problem and how Nova works to avoid them.

This is the first of a two-parter – we were having such conversation we kept going longer than usual. In the next episode we turn our attention to the EIS industry.

Please email [email protected] if you have any questions or comments on The EIS Navigator.

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Read Hardman & Co’s latest investment research on Nova funds here.

Visit the Nova website here.

Suggested reading

The Lean Startup – Eric Ries

Crossing the Chasm – Geoffrey Moore

The Four Steps to the Epiphany – Steve Blank

Andy Davidson is the Director and CEO of Nova. He has a background in technology and finance, and over the last five years as CEO of Nova he has co-founded, invested in and raised investment for over 80 digital technology startups.