Too much seed money could kill HubDub -and the other prediction market startups.

No Gravatar

QUESTION: Why did Monitor 110 fail?

ANSWER: Too much money.

  1. The lack of a single, &#8220-the buck stops here&#8221- leader until too late in the game-
  2. No separation between the technology organization and the product organization-
  3. Too much PR, too early-
  4. Too much money-
  5. Not close enough to the customer-
  6. Slow to adapt to market reality-
  7. Disagreement on strategy both within the Company and with the Board.

Personally, my view is that the concept should be excellent.

Being first on a market helps.

Hiring visionaries and leaders helps.

Picking up and developing the right technology helps.

But the key is the concept.

Nigel Eccles got the concept right.

Leave a Reply

Your email address will not be published. Required fields are marked *