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by earbitscom
5287 days ago
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This is a perfect example of why Avichal Garg's post was spot on:
http://avichal.wordpress.com/2011/11/14/build-something-peop... This company was certainly building something that people might want, but failed to see if the roadblocks that had stopped similar efforts before them had been removed. They should have been able to find out how much work, money in the form of advances, and relationships they needed to even come close to pulling this off far before they ever raised so much money. The fact that they took $87M and anyone gave it to them without this analysis is just sad. |
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