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.