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It really is a pity we live in a world where a few can ruin the party for all. I'm sure there are worthy startups out there with a solid product, solid team, an
by smaili 11y ago
It really is a pity we live in a world where a few can ruin the party for all. I'm sure there are worthy startups out there with a solid product, solid team, and solid practices but they may suddenly die out from VC capital because of the fear/panic triggered by the couple of bad ones.
- minimaxir 11y agoPresumably if they indeed have a solid product, they have a solid way to drive revenue and be self-sustaining in case of events such as this.
- gautamnarula 11y agoOne issue for these startups could be that their facing competition with deep, VC-lined pockets. I actually faced this to some extent with a bootstrapped startup I ran--we were sort of competing against a startup with millions in VC funding that was handing out promotions like there was no tomorrow, and is still chugging along despite an unsustainable business model. It wasn't the primary reason we shut down, but it certainly didn't help.