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Story of a Venture-backed startup that failed

3 pointsby GeoffreyKrover 10 years ago

1 comment

softdev12over 10 years ago
These post mortems articles are really enlightening. Not so much because they serve as templates for what a start-up shouldn&#x27;t do, but because they balance the scales for the typical media bias that only talk about the winners. Whenever I read about the new up-and-coming startup in the media, they make it seem like it&#x27;s so easy. Typically, it&#x27;s a variation on a twenty-something working in a small room who churns out an app that gets millions of downloads in the first 2 months.<p>In contrast to this, you never read about the 99 percent of apps that flop. And, in most of these, the creator has probably put in a lot of effort (sometimes even more effort than the winners). Out of 1.3 million apps in the App Store, I&#x27;m guessing well over 70 percent are just dead in the water. Effort expended that failed.
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