We know a lot of our readers’ work involves promoting startups and getting them noticed by media outlets as well as potential investors and buyers.
Here’s something we’ve noticed about the startup world: for the most part, you only hear the stories behind the successes that raised millions before eBay or Facebook or some other big digital name picked them up for a ridiculous ten-figure sum.
This week, however, brought two interesting stories about startups—one that failed and one that almost failed. We think they’re worth noting.
The first tale of valiant defeat comes via Chris Poole, founder of infamous imageboard site 4chan. You’d think that he, of all people, would be able to launch a successful startup. But the collapse of his DrawQuest venture is sobering:
“In the past year it’s been downloaded more than 1.4 million times, and is currently used by about 25,000 people a day, and 400,000 last month alone. Retention and engagement are great. And yet we still failed.”
And this happens most of the time.