Posted on Aug 27, 2017
Silicon Valley startup takes customers' money, shuts down
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Technology
Entrepreneurship
Technology Entrepreneurship
Posted >1 y ago
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Sgt Wayne Wood there is always an inherent risk when dealing with startup companies and many reasons for failure. One note, there was mention of pending investors which can mean they were waiting for a prototype, proven customer acceptence, or other factors before fully backing production.
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Mark Heick
Some investors have a mindset where they will invest in 20 companies with the hopes that they can cash in on one or two of the companies. So you are spot on with your statement that few succeed. This goes back to having an understanding of the inherent high risk of startups with the potential of a big reward.
Having a great product, a strong team, and an excellent execution plan can go along way to increasing the probability of success.
Crowdfunding sites usually do a good job of making the investor aware of these risks.
Ultimately it is up to the investor as to whether they want to partake in the investment, and their responsibility as the investor to read the fine print in the agreement.
Having a great product, a strong team, and an excellent execution plan can go along way to increasing the probability of success.
Crowdfunding sites usually do a good job of making the investor aware of these risks.
Ultimately it is up to the investor as to whether they want to partake in the investment, and their responsibility as the investor to read the fine print in the agreement.
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