These 7 tech CEOs and executives lost millions, along with the companies they helped build

Statistics show nine out of 10 startups end up failing — one of the top reasons being lack of cash. So it is no wonder when a company goes bankrupt, its founder or founders may, too. In Silicon Valley, it seems failure is a rite of passage. Medium blog posts by founders detailing why a company is folding and how it is best for the"community" have become all too common. Many failed CEOs of one startup may go on to found bigger and better companies — but some don't.

Statistics show nine out of 10 startups end up failing — one of the top reasons being lack of cash. So it is no wonder when a company goes bankrupt, its founder or founders may, too. In Silicon Valley, it seems failure is a rite of passage. Medium blog posts by founders detailing why a company is folding and how it is best for the"community" have become all too common. Many failed CEOs of one startup may go on to found bigger and better companies — but some don't.

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Source: politico - 🏆 381. / 59 Read more »