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And a few words about Persistent Systems, an outsourced software productdevelopment (OPD) company that is navigating its next phase of evolution are also warranted. Jeff has managed to keep his burnrate very low thus far, and a slow and steady crafting of the business is working nicely.
It’s got a big burnrate, it’s too big to pivot, and it goes bust. Forward Partners and perhaps a dozen others globally, including Andreessen Horowitz and Google Ventures, have taken this to the next level, building the team out as comprehensively as possible. We have been crucial in getting the product to market.
The product didnt convert well enough, the mainstream customers we were driving werent ready for the concept, and the event fed expectations about how successful the product was going to be that turned out to be hyper-inflated. Why do startups synchronize marketing launch and product launch?
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