$75M legal startup Atrium shuts down, lays off 100

My first company @twitch sold for a billion dollars. My second one lost $75 million in 36 months. People love talking about success, but today I'm going to talk about failure. It's time to be honest about Atrium:

Nobody talks about failure in Silicon Valley, yet 90% of startups fail. Why? 3 yrs ago, @neerajberry and I shut down @Sprig, which raised $60M from @GreylockVC + @socialcapital & grew to $20m revenue. Then, it all fell apart. For an honest story about failure, **Read on**

Turns out no amount of fundraising, press, buzz, amazing employees, and/or cool tech guarantees you product market fit.

For that matter, any startup that’s approaching the end of its runway is a viable acqui-hire. The team has learned hard lessons in what not to do, and they can bring that experience to bear in developing products on your behalf. In fact, failed startups are often acqui-hired by Facebook, Google, and other Silicon Valley giants hungry for talent. Ac

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