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Title: Lady Gagas startup Backplane burns out and sells assets Product: Backplane The problem was that CEO Scott Harrison says the big-name VC money came with tough liquidation preferences that would give those investors returns first if Backplane had a successful exit. Title: Why were shutting down Hivebeat and what weve learned along the way Product: Hivebeat Weve tried all the things we wanted to try and we have a pretty good sense of what went wrong: We never hit real product/market fit. Sometimes thats what happens in entrepreneurship. If you want to possibly build a product while your revenue is coming from other sources, you have to get those sources stable before you can focus on the product. In short, our relationship with the new production facility broke down and has exhausted available funding and manufacturing routes. Not giving enough time to stress and load testing or leaving it until the last minute is something startups are known for especially true of small teams but it means things tend to get pretty tricky at scale, particularly if you start adding a user. Getting sellers was somewhat easy, but buyers much more complicated Title: Why Zen99 Shut Down Product: Zen99 We had a user acquisition problem, and the best route involved a competitorThe best acquisition method I saw was tapping into an existing network of people who had. Next time: Next time I will play in a space I have lived in before. The coming holiday season was shaping up to be pivotal for us, but the loss last week of a planned follow-on investment from a strategic partner leaves us little time to secure an alternate source of capital, or to pursue the other opportunities on the.


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