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Excellent Story on the Failure of Monitor110
Written by: Brad FeldArticle Overview: It's unusual for a founder to write a long thoughtful post on the failure of his company. Roger Ehrenberg - the co-founder of Monitor110 - which shut down earlier this week, did just that on his outstanding post titled Monitor110: A Post Mortem. The post is oriented around Roger's "seven deadly sins":
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Free Download - Deep Breath By Brad Feld |
Excellent Story on the Failure of Monitor110
It's unusual for a founder to write a long thoughtful post on the failure of his company. Roger Ehrenberg - the co-founder of Monitor110 - which shut down earlier this week, did just that on his outstanding post titled Monitor110: A Post Morte. The post is oriented around Roger's "seven deadly sins":
1. The lack of a single, "the buck stops here" 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
Every person in every company that I'm involved with should read this post carefully. Every entrepreneur should also. Failure is part of the entrepreneur experience - Roger has done us all a great service by being willing to be deeply introspective and share his thoughts on what went wrong at Monitor110 in such a direct way.
Read this post in Brad's blog.
Article Tags: blog, co founder, disagreement, ehrenberg, entrepreneur experience, failure, game, market reality, monitor110, much money, product organization, seven deadly sins, technology organization, thoughtful post
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About the Author: Brad Feld RSS for Brad's articles - Visit Brad's website Brad Feld is currently a Managing Director at Mobius Venture Capital and has been with the firm since 1996. Prior to Mobius, Brad founded Feld Technologies, which was sold to AmeriData Technologies in 1993, where he became Chief Technology Officer. Brad currently serves on the boards of a number of private companies, including Atreus, Comergent, ePartners, FeedBurner, Gold Systems, Judy's Book, Klocwork, NewsGator, Quova, Rally Software, and StillSecure. In addition, he is on the board of The National Center for Women & Information Technology, The Community Foundation Serving Boulder County, and The Colorado Conservation Trust. Brad has previously been a member of the board of directors of the Young Entrepreneurs Organization and founded the Boston and Colorado chapters. He holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology. Click here to visit Brad's website Can Anyone Be A Major League Pitcher Running Helps Entrepreneurs Succeed How Many Ways Can You Calculate 2010 Your Revenue Forecast Is Wrong Lets Make Software Patents Defensive Only |
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