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"... This article comes off as being written by someone who, while incredibly credentialed, just seems like an outsider. It seems like an article my parents wou
by bootload 19y ago
"... This article comes off as being written by someone who, while incredibly credentialed, just seems like an outsider. It seems like an article my parents would write and they don`t necessarily have a great grasp on the way business is evolving. ..."
I'm a long time sceptic of HBS business case studies and a fan of watching & re-watching Startup.com.
"... GovWorks's failure is a textbook example
of the perils of grandiosity. Smart entrepreneurs
recognize that start-ups cannot afford to pass
on any opportunity, no matter how small. ..."
But when I read points like the above quote I think the author is right on the nail. There are a lot of things GovWorks got wrong [0] but this observation strikes pretty much to the heart of it. To not even entertain the idea, meant saying no to any potential cash-flow. Lack of cash-flow caused the eventual sell-off.
[0] Lets see growing big, fast with other peoples money, letting non-tech staff dictate the development & having a co-founder who wanted to call the company "come on to Caesar dot com"