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Scraps: startups
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Saved on: 03/15/2022
• **Saved on:** 03/15/2022 • **Source:** Twitter - @TechInvestor's post • **Reason for saving:** Personal interest in tech investments and startups, as well as a reminder for future business decisions. • **Main point:** The user is advising against using utility startups that are primarily seeking an exit, as their track record is poor. • **Evidence provided:** The user claims that "literally never" has a utility startup that was seeking an exit provided a good service or experience. • **Examples given:** - **WeWork:** Mentioned as a cautionary tale, with the user noting that it was "all about the exit" and ended up in a "massive failure." - **Ofo & Mobike:** Both bike-sharing startups that were acquired and later shut down, leaving users with poor experiences. • **User's insight:** "Startups that are focused on an exit often prioritize growth and valuation over user experience and sustainability." • **Counterargument:** None explicitly stated, but the user welcomes discussion and further examples in the replies. • **Replies and discussions:** - **@StartupFounder** agreed, adding that "exit-focused startups often have poor company culture and employee morale." - **@TechObserver** mentioned **Theranos** as another example, highlighting the importance of thorough due diligence. • **Personal note:** This post serves as a reminder to be cautious when using or investing in startups that seem overly focused on an exit, and to prioritize user experience and long-term sustainability.
mastodonpostMar 21, 2024
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