The Importance of Mentoring Startups

In IoTUK's latest blog, Michelle Hua, CEO of Made With Glove and Co-founder of Women of Wearables talks about why mentoring is important for startups.

According to StartUp Britain, 347,970 start-ups have launched in 2017 in the UK so far with 657,790 launched in 2016. While the numbers are positive, four out of ten small businesses fail in the first five years.

There could be various reasons why they fail, from poor cash flow to disputes between founders and employees, to lack of product market fit. One reason that we never hear about is the lack of mentorship, or more specifically, the lack of access to the right mentors at the right time.

Read the whole blog post Michelle wrote for IoT UK here.