Start Up Funeral

Dearly Departed…

When an entrepreneur’s brain child has died, the grief is deep. Ritual has long helped soothed the pain of loss in personal lives, so why not in professional lives. That’s the haunting spirit of the ‘Startup Funeral’ covered in the article “The Final Pivot: A Funeral for Failed Start-ups”…

  • “High above Canal Street in downtown Manhattan on Friday night, a group of plaid-clad techies were doing something few of their Silicon Valley counterparts would have the cojones to imagine, let alone attempt: embracing failure. The first-ever Startup Funeral for the failed technology companies of yesteryear was designed to provide a roomful of Zuckerberg aspirants with some half-serious cautionary tales, and perhaps a bit of closure. The assembled mourners, part of a success-obsessed subculture where every setback is a GPS waypoint on the turn-by-turn route to success, were unsure what, if anything, to do…’Everyone has a launch party. Nobody does the last-stage-of-grief thing,’ said Kevin Galligan, one of the event’s organizers and founder of a medical-research start-up that long ago passed into the digital beyond…As his eulogy wrapped up, Siragusa made a toast: ‘Raise your glasses to the most ridiculous company ever!’ The mourners drank. The crowd began milling again, drinking Rolling Rock and eating PopChips, all having learned their lessons about the importance of failing well, achieving closure, and moving onto the next thing. Or had they? ‘Everyone says 99 percent of start-ups fail,’ said Alastair Coote, a tech worker who was attending with friends. ‘But subconsciously, everyone’s saying, Not mine.’”
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