Quote:
Originally Posted by Geppetto
A mere 30 people company... and they run up 10 millions debts: that's crazy!
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Irex management gambled that they could sell a certain number of devices, so borrowed money to build those devices, then couldn't sell them, so didn't get any income to pay back the loan, so went bust.
Nothing to do with the number of employees, everything to do with bad management, and a lesson for others: When moving on to new products, don't dump your previous products and users
