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What is the lesson here? My take is that loosely assembled teams never really perform well unless there is social connection and a clear, fully shared vision w
by reilly3000 11y ago
What is the lesson here?
My take is that loosely assembled teams never really perform well unless there is social connection and a clear, fully shared vision with the team.
- hodgesrm 11y agoThat's obviously important but it seems more likely the business model was just not viable. The company was VC-funded [1], so they were looking for something that would either generate solid profits or be strategic for potential acquirers within some reasonably short period of time. From reading the Crunchbase profile it's somewhat hard to see how they would have achieved those goals. I would say their chances would have been a lot better if they were piggy-backing off an existing community rather than building the community and platform simultaneously. Maybe based on their experience somebody else will be able to pull it off. It's a reasonable idea. You can't fault them for trying. [1] https://www.crunchbase.com/organization/assembly#/entity https://www.crunchbase.com/organization/assembly#/entity
- reilly3000 11y agoI wish things like this had a nonVC funding option! The pressure is almost guaranteed to break a fragile, new start. If ideas are seeds and humans are soil, VC acts like Monsanto poured all over it: Grow our way fast or shrivel up and die.