11–20 of 27 posts
This is a perfect example of why Avichal Garg's post was spot on: http://avichal.wordpress.com/2011/11/14/build-something-peop... This company was certainly building something that people might want, but failed to see if the roadblocks that had stopped similar efforts before them had been removed. They should have been able to find out how much work, money in the form of advances, and relationships they needed to eve…
I think this is less a story about a failed News Corp. ambition and more a story about how the music and telephone industries have developed first rate competencies at stifling innovation. Hearing stuff like this makes me really sad for the future of the Internet if everything new & exciting will need a gatekeeper or two to sign off on it. I don't know how viable the business model was, or why they needed $87m to pro…
Considering they didn't even manage to seal the deals, where did all the money go?
How did it take $87 M for this idea to fail? If the real challenge was getting everyone to agree why did it cost so much?
Considering they didn't even manage to seal the deals, where did all the money go?
Good, I hope all these failures lead to Murdoch's downfall and bankruptcy.
Good, I hope all these failures lead to Murdoch's downfall and bankruptcy.
Reflect on the saying, "more money than God."
I think this is less a story about a failed News Corp. ambition and more a story about how the music and telephone industries have developed first rate competencies at stifling innovation. Hearing stuff like this makes me really sad for the future of the Internet if everything new & exciting will need a gatekeeper or two to sign off on it. I don't know how viable the business model was, or why they needed $87m to pro…
Just think how far that $90MM would go at other companies in the same space.
On the same note, I know a guy looking for a new gig. Anyone hiring? :)