Startup post-mortem: 5 lessons from a failed business venture

In 2015, I started my startup Memoratic along with my co-founders. We created an educational platform that aimed to solve a few of the complex problems of our educational system. By streamlining communication between educational institutions, teachers, parents, and students the platform tried to provide incentives to improve performance at the individual and organizational levels. [Read: Lessons learned from my company’s crisis] Despite our lack of knowledge in the industry, we thought that with our coding and entrepreneurial savvy, we could conquer the world of education. As with many startups, things didn’t pan out the way we expected, (66% of all…

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