BlitzFail - Bottom Up by David Sacks
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How Not to Go Off the Rails
BlitzFail How Not to Go Off the Rails David Sacks Feb 26, 2020 22 1 3 Share 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-growing startups go off the rails (or “BlitzFail”). The issues have three t
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