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BlitzFail: How Not to Go Off the Rails | by David Sacks | Craft Ventures | Medium

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Every year, the tech ecosystem witnesses once-promising startups go off the rails. The speed with which a unicorn can go from hot startup…

BlitzFail: How Not to Go Off the Rails David Sacks 18 min read · Feb 26, 2020 -- 10 Listen Share Press enter or click to view image in full size Every year, the tech ecosystem witnesses once-promising startups go off the rails. The speed with which a unicorn can go from hot startup to turnaround — from filing for an IPO one week, to fighting bankruptcy the next — is head-spinning. These meltdowns make for sensational headlines, yet each instance is hardly unique. If one looks for underlying causes, some common themes and patterns emerge. In this post, I identify the top reasons why fast-growin

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