The reality is that most startups that fail don’t see a lot of negativity. This sort of harshness is reserved for select startups that seem to meet a few criteria:
- The founder has a big personality (often seen alongside big ego, arrogance)
- Where the company’s primary business model seems to be raising VC, i.e. they raise a lot of money with no clear plan to turn into a a business
- Where the founder(s) take money off the table or burn through a lot of cash quickly. Remember, Fab was burning $14 million per month.
What do you think? Do Fab and other high profile failed (or failing startups) deserve the critiques and criticism they get? Leave your comments below.If you aren’t already a client, sign up for a free trial to learn more about our platform.