2 ms·
Honest question as I can't claim to know anything about the actual mechanics of startup investing. Why don't the folks who put money into Clinkle just ask for
by incision 13y ago
Honest question as I can't claim to know anything about the actual mechanics of startup investing.
Why don't the folks who put money into Clinkle just ask for it back, sell, pivot or kill the thing off?
Based on what I've seen referenced on HN, it's an incredibly dysfunctional mess [0], that can't retain anyone [1][2].
I understand how public sector agencies or entrenched behemoths manage to shamble on as zombies, but the popular notion is that startups produce, grow or die.
Bringing in money initially [3] is somewhat understandable, but that such a clown show continues to exist is just baffling.
0: http://www.businessinsider.com/what-its-like-to-work-for-clinkle-and-why-employees-are-leaving-2013-11 http://www.businessinsider.com/what-its-like-to-work-for-cli...
1: http://recode.net/2014/03/13/clinkles-still-a-hot-mess-as-its-big-shot-coo-departs/ http://recode.net/2014/03/13/clinkles-still-a-hot-mess-as-it...
2: http://www.businessweek.com/articles/2014-03-14/clinkles-big-hires-head-for-the-exit http://www.businessweek.com/articles/2014-03-14/clinkles-big...
3: http://techcrunch.com/2013/06/27/clinkle-raises-celebrity-filled-25m-round-as-it-gears-up-to-eliminate-the-physical-wallet/ http://techcrunch.com/2013/06/27/clinkle-raises-celebrity-fi...