Wow, what a lazy article, buzzfeed called, they want their listicles back... For real though, we couldn't get a paragraph per company on what they do and why they failed? I'm not asking for deep deep insights or breaking down every mistake they made but with ZERO research let me do one for Theranos:<p><pre><code> Medical company that claimed they could run a number of tests with just 1 drop of blood. Turned out they lied about their abilities and really didn't create any new tech but used existing tech and due to the low sample size they had a number of false positive/negatives.
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I think my fasts are about 90% correct but still if I can do that in a minute with no research I think that I "journalist" can manage to do that for 25 startups.
How did "rethink robotics" go out of business? I remember seen their robot in documentaries about the future of robotics in manufacturing and seen their robots in different tech conferences.
1. A large number of these companies were hardware or healthcare related (some were both); presumably these would be harder to validate without significant upfront costs, increasing risk relative to price.<p>2. You can remove the autoplay video by selecting the element in dev tools and deleting the div.
A couple of these had smaller max valuations than amount raised this seems independent of year founded.<p>What's the explanation? Several funding rounds with high burn rate? ...