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This is a bit absurd. When a company is floundering, everyone knows it, including investors. Shutting down is a very reasonable choice sometimes. The death is o
by ivankirigin 16y ago
This is a bit absurd. When a company is floundering, everyone knows it, including investors. Shutting down is a very reasonable choice sometimes. The death is often just keeping the site running without updates, as in this case.
I don't advocate failure, but I don't think it makes sense to waste years on a product that doesn't have legs.
In this specific case, I wouldn't worry about reputations. Everyone who has worked with Ashwin knows he is awesome.
As for the general trend, this post by Jason Cohen is right on the money:
http://blog.asmartbear.com/rejecting-raising-vc-money.html http://blog.asmartbear.com/rejecting-raising-vc-money.html
- gcheong 16y agoWhat seems strange to me is that they have paying customers who are saying on the support forum that they are getting zero response to their e-mails to the company. Fine, if you're going to shut it down then shut it down, but I wouldn't walk away from paying customers without saying something.
- ivankirigin 16y agoI agree generally, but I don't think an anecdote means enough to warrant a TechCrunch post. Support is hard.
- dannyr 16y agoivankirigin, If buxfer is indeed shutting down without saying something to their users, it warrants a Techcrunch post. I would have wanted TC though to have gotten the side of the founders before publishing the story.
- ivankirigin 16y agoNot working on something full time is not the same as shutting down. Slow for support is also not the same as shutting down.