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XCOR Aerospace Fails To Launch, Lays Off Rest Of Employees

socalTECH

Among a largely successful rush to establish a vibrant commercial aerospace industry in Southern California, it appears one company--Mojave-based XCOR Aerospace --has failed to launch. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money.

Fandango 113
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Report: XCOR's Customers Still Holding Out For Refunds

socalTECH

In a cautionary tale for early adopters, there are still hundreds of customers hoping to get their money back from Mojave-based XCOR Aerospace , after the company went bankrupt, according to a story from the LA Times this weekend. The Times report says that there are 282 ticket holders hoping for something back from the failed firm.

Custom 113
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How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

Many startup businesses – tech or otherwise – fail. It turns out that to build a successful company you ultimately need this strange thing called “revenue” that people don’t just hand you: You need to earn it. You may still fail but at least you’ll have less chance of failing for the wrong reasons.

Startup 150
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

Startup 383
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Why A Cellular Carrier Did Not Buy Skype - Watching A Big Dumb Company Fail In Real Time

InfoChachkie

billion caused me to recall an awkward meeting I had in 2005 with a particularly clueless group of cellular executives. Cool stuff for circa 2005, unless you were an idiot working for a cellular carrier. The recent purchase of Skype by Microsoft for $8.5 Their utter stupidity is a bit disheartening, but highly instructional.

Company 193
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6 Sweet Spots That Have Sustained Many Great Startups

Startup Professionals Musings

He has said many times that if your vision for your company is to grow it just to flip it to a large company or to take it public and cash out, "you're doomed.” Steve Jobs summarized his intrinsic motivation way back in 2005 at Stanford in a talk titled “ How to Live Before You Die.” Do it for meaning.

Startup 144
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Steve Blank Discusses The Origin And Future Of The Lean Startup Movement

InfoChachkie

He is credited with pioneering the Lean Startup Movement in 2005 via the publication of his bestselling, Four Steps To The Epiphany. Steve notes that in 2005, when Four Steps was published, conventional wisdom at business schools was that, “Startups are nothing more than a smaller version of a large company. Enter Eric Ries .

Startup 229