3 ms·
You are going to get all the usual suspects listed here. What would be more interesting to read is the companies that should have succeeded, but failed for some
by danieltillett 9y ago
You are going to get all the usual suspects listed here. What would be more interesting to read is the companies that should have succeeded, but failed for some crazy reasons.
I will give you a personal anecdote of my company. We failed (not ending in bankruptcy thankfully) because 9/11 caused all our customers to freeze and not be able to make a decision. We end up in the situation where everyone said yes on an intellectual level, but they just couldn’t sign on an emotional level because they were too uncertain about the future. A year later they were over this, but it was too late.
- alexxtomsk 9y agoThat makes sense, but your story doesn't deserve to be listed in Darwin Startups Award. It's a sad one actually... I'm looking for some stupid things that were made by the management team that caused startup to die.
- danieltillett 9y agoConsidering we are not dead and have gone on to far great things I hope we don’t end listed on any Darwin Startups Award list - that is for the future :) More seriously the real failures I have personally seen have never had a single cause. All the ones I know of are a combination of a lack of resources (money can buy you out of a lot of mistakes) and inexperience.