True story: Millions still in the bank, GoZoomo shuts shop, returns VC money(techinasia.com)

6 pointsby vmalu10 ปีที่แล้ว2 comments

True story: Millions still in the bank, GoZoomo shuts shop, returns VC money

https://www.techinasia.com/millions-bank-saif-partnersbacked-gozoomo-shuts-shop-heres-happened

2 comments

ravivyas10 ปีที่แล้ว

I am not sure what to make of this. Partly yes, returning money is good, but I still feel they did not try hard enough. I see tweets if their website being down a month or so ago as they did not renew the certificate.

Startups are not built with defined market, they are a journey to find product market fit. It feels like they just gave up.

schakraberty10 ปีที่แล้ว

Lots to learn from this: biggest one for me is to overcome the greed to use up all the VC money.