The reasons why AllPeers went bust are all too familiar — the interests/expectations of the founders apparently weren’t aligned with those of the investors. This was confirmed in a response to a query from Gigaom’s Liz Gannes yesterday.
But in Matt’s impressively cool-headed email, you’ll find a founder’s optimism that is worth modeling, too — especially in its emphasis on what still can be done with the product(s) of AllPeers’ “crazy dream.”
It goes without saying that we think Loic has the right attitude here. Among the “positives” Loic takes from his friend Cedric’s momentary setback:
* Cedric, you have learnt a lot, possibly more than if you had succeeded
* I am sure you will come back later with another idea of business
* the important is to keep trying to be on the move, to do things
* do not listen to anybody who laughs at you, you tried, you did great things, and they probably never did
* it could happen to any entrepreneur and I have a lot of respect for what you did
* it is always interesting to understand why. [this idea didn't work this time] I am not sure in this case, the idea was pretty good. Too early, no business model ? Unsure.
We enourage you to go back and read the comments on Loic’s post, too.
Remember Cedric and Matt, founders, if/when you’re faced with the decision to shut down your own company one day. It’s nice that they’ve maintained the perspective that there is always something to be gained from such defeats — even more, perhaps, as Loic argues — than from the victories we seek.