3 ms·
I would define badly as biggest amount of capital raised and than went to zero or acquisition less than 1/5 of capital raised. Though this may be hard to verify
by jakozaur 9y ago
I would define badly as biggest amount of capital raised and than went to zero or acquisition less than 1/5 of capital raised. Though this may be hard to verify as those acquisitions usually has undisclosed price.
Failing fast and cheaply (e.g. below $5 mln) is good and essential for innovation. You can still learn a lot, test some concept and next time be more successful.
E.g. Cost of 1000 dead YC style startups is likely still very positive, while BetterPlace from $850mln to zero is just a drag for the economy. Most likely those $850mln could be deployed more efficiently.
- petra 9y agoIDK . There are some big things that can only be learned when you invest a lot of money. For example, Better place. Sure they we're wasteful. But if they took the same idea, focused in the taxi market in a certain city(for charger density, battery use density, and mayor support) , and maybe worked creatively , instead of needing a new car, maybe using a pickup truck and putting the removable batteries in the back, and deciding on a more sane charging cost - maybe this could have worked. But $5mln sounds low for that.
- deleted 9y ago[deleted]