The Silicon Valley Dance - (by @baekdal)
Why did it fail? Part of the reason is that the big company completely failing to understand the mechanisms behind it. If they did, they would never have bought the startup at that price to begin with. But the biggest reason is that it was based on imaginary value. It made no money, and its users have been taught to expect everything for free. That is not an audience or a product that can be turned into something that will ever be profitable.












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