Eh, it's just a fact that most startups fail. They tried, they ran out of money. Launching an IoT startup in 2012 in Australia was pretty ballsy. Total outside

Eh, it's just a fact that most startups fail. They tried, they ran out of money. Launching an IoT startup in 2012 in Australia was pretty ballsy. Total outside investment was only $1.7m over 3 years. Had they been overfunded like a stereotyped smoke-bloated Valley startup, maybe they would have had more runway.