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by bootload
6679 days ago
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"... This article comes off as being written by someone who, while incredibly credentialed, just seems like an outsider. It seems like an article my parents would write and they don`t necessarily have a great grasp on the way business is evolving. ..." I'm a long time sceptic of HBS business case studies and a fan of watching & re-watching Startup.com. "... GovWorks's failure is a textbook example
of the perils of grandiosity. Smart entrepreneurs
recognize that start-ups cannot afford to pass
on any opportunity, no matter how small. ..."
But when I read points like the above quote I think the author is right on the nail. There are a lot of things GovWorks got wrong [0] but this observation strikes pretty much to the heart of it. To not even entertain the idea, meant saying no to any potential cash-flow. Lack of cash-flow caused the eventual sell-off.[0] Lets see growing big, fast with other peoples money, letting non-tech staff dictate the development & having a co-founder who wanted to call the company "come on to Caesar dot com" |
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