I think Circa was a pretty innovative app, so I'm trying to pull some lessons from their failure.
They raised nearly $6m and never made any money. The product was pretty good, but the question is what was the business staff being paid to do?
According to their website they had 8 editorial staff and 10 product staff members. This seems like too large of a team for not having product-market fit. Would they have had trouble securing more funding if their burn-rate was half of what it was?
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I think Circa was a pretty innovative app, so I'm trying to pull some lessons from their failure.
They raised nearly $6m and never made any money. The product was pretty good, but the question is what was the business staff being paid to do?
According to their website they had 8 editorial staff and 10 product staff members. This seems like too large of a team for not having product-market fit. Would they have had trouble securing more funding if their burn-rate was half of what it was?