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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.