Kai, one of the founders of Floobs, was visiting us in Tallinn early December. Now things did not turn out how he was planning and ArcticStartup writes about their plans to shut down the startup company.
Kai told us: "It is part of the business. We have to remember that most of the startups fail".
Startup life is challenging and tough decisions are part of this job. We hope that most of entrepreneurs will understand that startups are for trying out new and innovative ideas and new business models. Some of the ideas work and some don't. All of the new ventures just can not success and many of them fail.
People should learn from those mistakes and move on, try with another idea and project. We wish all the best for Kai and his team. Hopefully we will see his new venture soon enough.