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I was doing an analysis a while back to figure out YC's IRR, and the problem wasn't outright dead startups, but the walking dead. Silicon Valley (YC included)
by dharmon 10y ago
I was doing an analysis a while back to figure out YC's IRR, and the problem wasn't outright dead startups, but the walking dead.
Silicon Valley (YC included) has a large number of these. I remember one that is not "dead" by any public measure (live site accepting new customers), but upon digging I found that the two co-founders now work at Facebook!
- shopkins 10y agoI worked at one of these startups whose product kept running for months, even after firing all of its developers. That's the main reason for this and the "dead yet" name -- the "walking dead" state definitely seems like a common occurrence.