Startup deletes itself
How do startups die? There's the MySpace cease-and-desist letter, a reliable death knell. There's a crushing surfeit of competition. And now, there's the really stupid way to go: accidentally deleting yourself. TechCrunch looks into the boneheaded, utterly avoidable end of CouchSurfing. The two-and-a-half-year-old startup was revolutionizing the travel industry through the peer-to-peer provision of lodging -- er, that is, letting strangers meet online and make arrangements to sleep on each others' couches. On Friday, though, the website suffered a fatal hard drive crash and its operators found that they didn't have the needed backups. Founder Casey Fenton left a long, rambling message on the website explaining how "This crash is like a sign from the universe" that he should abandon the project. A lesson to entrepreneurs: If you're going to pour three years of your life into a project, invest in some decent backup software.
Posted by Owen Thomas 10:47 AM 0 Comments comment | Add a Comment

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.