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"Declared bankruptcy" typically means a company couldn't make product somebody wants to pay for
by ushakov 3y ago
"Declared bankruptcy" typically means a company couldn't make product somebody wants to pay for
- voisin 3y agoAnd oddly this wasn’t a barely a relevant issue for the last decade
- anonymouskimmer 3y agoNear zero interest rates make it pretty easy to have a greater than T-bill return on investment.
- dahart 3y agoIt does not mean the company couldn’t make a desirable product, nor that nobody paid for it, it means the company didn’t make the product profitable in time, before the cash ran out. There are lots of reasons this can happen to good products that people do want to pay for, in addition to reasons like lack of market fit, building products people don’t want, building bad products, and failing to build a product at all.
- troupo 3y agoAh, you mean nearly every single YCombinator graduate (you'd be hard pressed to find even a handful of profitable startups there)