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Failing is really the default for startups. A better question would be, why do you think you did not succeed. I'm guessing they simply did not make enough money
by diego 7y ago
Failing is really the default for startups. A better question would be, why do you think you did not succeed. I'm guessing they simply did not make enough money, which is the norm.
EDIT: if you read the article, they "failed to monetize" so there's your answer. Because they failed to monetize, it's hard to know what they could have done differently to monetize.
- streetcat1 7y agoRight. So I would like to understand why customers did not pay?
- deleted 7y ago[deleted]
- cwyers 7y agoPlenty of people don't pay me money _all of the time._ Most of them aren't even making a decision to do this, it just never would occur to them to pay me money.
- brianwawok 7y agoThe cost was likely not enough to justify the product. Same basic reason anyone wouldn’t pay for something.
- _bpo 7y ago> A better question would be, why do you think you did not succeed. Is that a different question than "why you failed?" from the GP?
- Aeolun 7y agoI wonder if they could have instead of shutting down, just raised prices to the point where they were profitable instead? It seems to me some customers would prefer that to a shutdown.
- icebraining 7y agoSeems like a death spiral to me: they increase enough to be profitable with the current userbase, then half their clients move out due to the increased prices, they have to increase again, etc.