3 ms·
Agreed, but Lean startup is not just about overfunding, it also means not building your product in secret, which is what they did, which is why they are in mess
by rockarage 15y ago
Agreed, but Lean startup is not just about overfunding, it also means not building your product in secret, which is what they did, which is why they are in mess.
"Eric Ries, the Lean Startup philosophy says the last thing you want to do is raise a whole lot of money, build a product in secret, then spring it on a world that may not want what you've built at all"
They should not have built this product in stealth mode then release it at the wrong time(missing SWSX). Investors should be worried, what they thought is a great team is no longer there. One was fired, the other resigned now there is only Bill Nguyen. I think it will be hard to attract talented leaders after seeing cofounders leaving and being fired. Forget pivoting, Bill can't even keep his star team together.