I read an article in Fortune magazine’s online site this week titled ‘What Happens When a Startup Goes Bust’. The article focused on vendors who don’t get paid when startup fails. It gives examples of several small businesses owed various amounts of money in the wake of Bay area food delivery startup Munchery failing. And while the article is interesting in its take on vendors losing out on payments and how venture capital firms should have more accountability, it doesn’t even give a single mention to those who end up getting screwed the most when a startup fails: the employees of the startup.
One of the worst, most annoying, and inept security practices to evolve in online applications over the years is the process of security questions and answers for logging in and/or password & account recovery. They’re annoying, vague and restricted and they absolute must die, die, die!
For all of us, there will times, many times, when our efforts end in failure. Sometimes, they will be small failures. And sometimes, they will be spectacular failures. Sometimes, you will be at fault. And sometimes, despite all your best efforts, someone else will be at fault. It doesn’t matter. It’s just another opportunity.