What if entrepreneurs could “donate” their failed startups to universities, in the name of research? Students could do a post-mortem and work to understand why the startup failed.
It was one question that attendees at a recent Venturef0rth event posed. Inspired by a discussion on the Philly Startup Leaders listserv after entrepreneur Steve Palmer announced he was shutting down his startup, the event focused on how to salvage failed startups.
It’s certainly an issue that entrepreneurs think about: David Friedman, who shut down his startup Inhabi, said that his only regret was that he didn’t work hard enough to find a new life for the company.
Knowledge is power!
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