[Alex3917]

"You're essentially saying that trying to do Loopt at all was a mistake and we just should have done something else."

Which is a perfectly valid option. Just because someone has an idea a good idea doesn't mean that it will make a good business.

The cell phone software market pre-iPhone simply wasn't a good place to be starting a business, no matter what the idea.

[kogir]

While you're absolutely right, I don't think the OP realized that's what he was saying, or he would have written it. I was merely pointing this out.

There were successes though, even back then. It was a long shot, yes, but not a proven dead end.