Tech Crunch - which is becoming a F*ckedCompany.com 2.0 - adds yet one more company to the deadpool:
We introduced Spotplex in February 2007 as a potential Digg killer that served up popular stories by monitoring how many people read them. Somewhere along the way, it also turned into an Alexa-like analytics service. Unfortunately, neither market worked out for them and they’ve been forced to shut their doors.
CEO Doyon Kim says that Spotflex’s ultimate failure was due to a lack of adequate funding. Spotplex’s developers underestimated the resources that were required to build and maintain their service, and they neglected to seek venture funding after their $450,000 seed round.
Which got me thinking:
If you had to choose between
a) a company that is kicking ass operationally but financially had little to no capital
OR
b) a company that had oodles of capital in the bank but operationally was not gaining traction… what would you pick?
Feel free to chime in.
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