What a lame post. Anyone who judges a consumer web product within just weeks of its release doesn't have half a clue. 99.9% of new product releases are not like the iPhone.
Airtime may very well not become hugely popular (I wouldn't bet on it personally) but they raised $33,000,000(!) That's enough to last quite a few product iterations.
Most consumer web products don't have multimillion dollar launches with celebrities and tons of press or six figures to spend on a viral video. If these guys paid for all that attention and still lose users it's a story worth telling
but they raised $33,000,000(!) That's enough to last quite a few product iterations.
Right, well I guess the question here is are we talking abour Airtime the product, or Airtime the company? Because the product can flop even with $33m behind it. Very easily.
I think many have a taste in their mouths Parker and crew wanted to be the hangout instagram purchase by Facebook. That simply won't happen. What exit strategy is there now?
Raising massive amounts of money does not necessarily mean that is going to be a good product. Contrarily, all this money seems kind of down the drain at this point.
The author is trying to make a point that the product is not living upto its 'supposed' reputation - the money, the investors, the creators etc. For products like these I think that the first few weeks are all the more crucial.
Airtime may very well not become hugely popular (I wouldn't bet on it personally) but they raised $33,000,000(!) That's enough to last quite a few product iterations.