Most of the time, online startup companies just don’t make it. SplashCast, a relatively popular Social TV network, recently announced that it will be shutting down. After originally receiving $4 million in venture funding, the startup couldn’t get another round of funding and was forced to close its doors.
Mark Berkley, the founder and CEO of SplashCast, had a classy goodbye message.
Said Berkley in a SplashCast farewell blog post: “We have a lot to be proud of. In addition we have a lot of lessons learned to humbly take with us as we move on. I want to personally thank all …read more

If you have a startup business, you should realize from the get-go that the long-term survival of your startup is unlikely, statistically speaking. For every startup idea, very few ever get off the ground and even fewer are still around in five years.
Admitting your startup has failed can be difficult to do, especially if you’ve poured your blood, sweat and tears into the company. But here are a few reasons that should make you consider closing up shop and moving on:
No sign of profits in the horizon
If your company is constantly losing money or simply not producing enough money to …read more

So Pownce, once dubbed “The Hottest Startup in the Silcon Valley’, is closing December 15.

Why did it fail? I see several reasons:

It wasn’t unique enough. Twitter had already gotten a hold of the micro-blogging market. Although Pownce really started to make waves when Twitter was having server issues and PR problems, it wasn’t THAT different from Tweetland to keep people using it.
Have a plan to make money.  Sure, they had premium accounts. But how many? (I certainly wouldn’t have paid for one!) They needed to find a way to make a profit in order to keep going.
Don’t get too big …read more