Death With Dignity Or Stupidity?
from the your-call... dept
I didn’t post the story of Kibu going out of business, because there are plenty of other sites that deal with continual failures of companies. However, there was one difference in the Kibu failure as compared to many other dot coms: they gave back some of their money to their investors. So, instead of spending it all, and then shutting down, they gave up early. The article behind that link points out that this was actually a really dumb move, and I think I agree. They claimed that times have changed, but a good management team understands the facts that times do change and your job is to change with the times. I think giving up was a lame move. Yes, there’s a part of me that respects realizing when you’re in over your head, but if these people were good enough to raise $26 million from KP, you would think they would be smart enough to figure out a way to do something with the company rather than just give up. Then again, if the management team was so lame that they knew they wouldn’t be able to change with the times, then I guess it’s just as good that they shut down. I just wonder what they’ll do now. I’m not sure I would trust them with money again.