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Why Startups Fail

Discussion in 'Economy' started by ethics, Mar 12, 2016.

  1. ethics

    ethics Pomp-Dumpster Staff Member

    Great read on why they have failed. Best part is that you go through the list and their explanation and you are like, "whoa, THAT'S what happened to them!"

    Ex: The legacy of Sidecar is that we out-innovated Uber but still failed to win the market.

    Another, and this is mostly to idiotic regulations in Cali:

    Raised: $40 million
    Lasted: 3 years

    Re/code reports: “CEO Adora Cheung said the ‘deciding factor’ was the four lawsuits it was fighting over whether its workers should be classified as employees or contractors. None of them were class actions yet, but they made fundraising that much harder. ‘A lot of this is unfortunate timing. The [California Labor Commission’s] Uber decision … was only a single claim, but it was blown out of proportion.’”

    What It's Like to Raise Tens of Millions of Dollars and Lose It All
  2. Biker

    Biker Administrator Staff Member

    Yeah, the trucking industry has recently been nailed with the "employee or contractor" crapola as well, especially in the shipping ports. Unions are backing the lawsuits for the obvious reasons.
    ethics likes this.

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