I was the founding CTO here, and will probably walk away with $0. You can AMA, in the hope that I can help someone else avoid this fate in their future.
Sorry for the outcome. Knowing how much parents prefer known name brands for all things babies/kids, what was your theory for the product working and gaining market share? I could imagine a completely new product being avoided similarly to a generic.
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I was the founding CTO here, and will probably walk away with $0. You can AMA, in the hope that I can help someone else avoid this fate in their future.
Sorry for the outcome. Knowing how much parents prefer known name brands for all things babies/kids, what was your theory for the product working and gaining market share? I could imagine a completely new product being avoided similarly to a generic.
We had revenue around $250m per year, so it wasn’t a question of market fit…