HideTechdirt is off for Presidents Day! We'll be back with our regular posts tomorrow. In the meantime, please consider supporting us via the Techdirt Survival Fund.
HideTechdirt is off for Presidents Day! We'll be back with our regular posts tomorrow. In the meantime, please consider supporting us via the Techdirt Survival Fund.

Failures

by Mike Masnick




The Start-Up That Never Should Have Started

from the whoops dept

mhh5 was too afraid to post this one himself. It's the story behind Starrtel, a Connecticut company built on $4 million in loans (much of it from the government) despite having no technology in an amazingly competitive marketspace, little management experience, and a husband-and-wife founder team who were just coming out of personal bankruptcy. They claimed they were working on smart-card phone technology. But, there were a ton of warning signs (all laid out in the article) explaining why they had no chance to get into that market (not having the technology being a big part of it). Yet another company that was funded out of hype and momentum, rather than any sort of reality.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Use markdown for basic formatting. HTML is no longer supported.
  Save me a cookie
Follow Techdirt
New And For A Limited Time
New Gear By Techdirt: I Invented Email
Advertisement
Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Advertisement
Report this ad  |  Hide Techdirt ads
Recent Stories
Advertisement
Report this ad  |  Hide Techdirt ads

Close

Email This

This feature is only available to registered users. Register or sign in to use it.