I received a large response from my most recent column on the Neokast mystery. The most interesting post was this one:
Um, the real answer to from someone who knows is much simpler and less intriguing:
a) NK’s management team had no business experience in either the streaming space or in running tech startups
b) Said Mr. Johnson was arrogant and unwilling to accept the above point
c) He was unable to come up with a business model that made money
d) He did not want to raise venture capital until it was too late to do so
Btw, there was never any serious offer from Microsoft or anyone else. And the company shut down because their angel investors (who were not themselves experienced venture investors, rather friends of Mr. Johnson’s father), got cold feet (as they should have) when said Mr. Johnson could not come up with a sensible business model.
Arrogance + Inexperience = shutdown, no matter how good the original idea, or how great the software team.