Friday, February 15, 2019

Lima is dead, a lesson for founders and investors

Unknown for the market, the market gem Lima as some people named it, just closed its doors and it's not a surprise. The opposite was a miracle. The facts speak for themselves, there was no market, despite a funds raised from Partech Partners following a huge Kickstarter campaign well above expectations. It confirms once again that the metric of crowd funding is wrong and doesn't validate anything and say that Lima was a gem is purely a joke and a big mistake based on this Kickstarted amount. Partech confirms also its difficulty to pick and select data storage candidate, is it a lack of analysis or expertise? probably but above all prove that France is absent of this sector. As Lima's founder said, the story was a miracle with 80,000 users, and a miracle das some difficulties to last. I say for a long time that the market is always right, some people forget this promoting disruption... It illustrated again the reign of clouds giants that remove all obstacles if we can consider Lima as an obstacle. But in Lima case, I thought the good choice was to integrate the logic within home NAS, having a separate toy didn't help, was seen as a gadget and finally miss its original mission. A good lesson.
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