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+1. This is not a failure. Granted, I dont know what their total investment was, and whether they got any $$ from Six Apart to cover that investment, but person
by Brushfire 18y ago
+1. This is not a failure. Granted, I dont know what their total investment was, and whether they got any $$ from Six Apart to cover that investment, but personally for those two this will probably end up more in the success columns.
Tried something awesome against entrenched competitors. Made progress, and accomplished a lot. It didnt work out, but they got some sort of payout and immediate jobs! For the founders this is a lukewarm win, but still a win, I would think.
- AndrewWarner 18y agoFor an entrepreneur, building something this visible is a success. It'll build their reputation.
- AndrewWarner 18y agoBut for the company, this is an absolute failure. The site is shutting down. The money invested in this business is not getting repaid. The vision wasn't close to realized.
- jonursenbach 18y agoIf they were bought by some company other than SixApart, do you think that they would have shut them down as well?
- AndrewWarner 18y agoIf there was a buyer who was willing to keep this company alive, I believe Pownse would have sold to them.