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by Hnrobert42 919 days ago
Having been around when one of these was written, it could be:

- this is a very difficult time emotionally for the author, so they aren’t thinking entirely rationally

- the author is exhausted

- the author is ashamed/embarrassed about having lost money for all their friends and family

- they don’t want to expose themselves to liability

- the message was vetted by a risk averse lawyer, aka a lawyer

- the message has to satisfy a bunch of different audiences, so it is generic

- it is almost an afterthought amongst all the other stuff that has to get done shutting down the business

And most importantly, they may not explain why the business failed because they don’t really know. If they knew why they didn’t find product market fit, the business wouldn’t have failed.

1 comments

If they truly know why they failed, that would be valuable information, which they are not required to share with anybody. If you know why something fails it is the mirror image of why something succeeds. Valuable information.