Friday, October 24, 2014

WALL STREET - Zombie Startups?

"When to pull the plug on a dying startup company" PBS NewsHour 10/21/2014

Excerpt

GWEN IFILL (NewsHour):  Behind all the blockbuster success stories out of Silicon Valley, there are scores of ideas that just don’t make it.  And some die a pretty slow death.

Special correspondent Steve Goldbloom has our story.

ACTOR:  We have got a great name, we have got a great team, we have got a great logo, and we have got a great name.  Now we just need an idea.  Let’s pivot.

STEVE GOLDBLOOM (NewsHour):  HBO’s comedy “Silicon Valley” lampoons start-up culture in the Bay Area.  But for those working in the tech scene, it’s like art imitating life.  In other words, people really do talk that way.

WOMAN:  Pivot is a great one.

NITASHA TIKU, Valleywag:  Killing it, crushing it.

WOMAN:  Disrupt is the classic one.

NITASHA TIKU:  Rock stars, ninjas, Jedi.

GARY KREMEN, CapGain Solutions:  Lean in.  Bail fast.

NITASHA TIKU:  Growth hacker, which is actually just marketing.

JACOB MULLINS, Exitround:  I think it’s “The Social Network” movie that over-romanticized how easy it is for college students to become a hundred-billion-dollar company.

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