All articles tagged with #startup failure
Originally Published 4 months ago — by The New York Times
Builder.ai, once valued at $1.5 billion and considered highly innovative in AI, collapsed and went bankrupt within months after overstating sales, leading to its liquidation, highlighting a broader downturn in the tech startup scene.
Originally Published 7 months ago — by BleepingComputer
Microsoft released an emergency update to fix startup failures in Windows 11 systems caused by the KB5058405 security update, primarily affecting enterprise virtual environments. The update addresses recovery errors related to ACPI.sys and is recommended for affected virtual machines, with manual installation options available from the Microsoft Update Catalog.
Originally Published 1 year ago — by TechCrunch
HBO's new documentary "MoviePass, MovieCrash" explores the rise and fall of MoviePass, highlighting the overlooked contributions of its Black co-founders, Stacy Spikes and Hamet Watt, who were ousted before the company's collapse. The film sheds light on the challenges Black entrepreneurs face in securing venture capital, with Spikes hoping it will inspire more funding for minority founders. Despite MoviePass's bankruptcy and the legal troubles of later executives, Spikes has since repurchased and relaunched the company, achieving profitability in 2023.
Originally Published 1 year ago — by Ars Technica
Humane, the startup behind the Humane AI Pin, is seeking a sale just one month after launching its wearable device, which has been widely criticized and deemed a failure. Founded by ex-Apple employees and backed by significant investment, the company is reportedly looking for a buyer at a price between $750 million and $1 billion despite the product's poor reception and lack of future prospects.