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Another One Bites the Dust


According to washtech.com, Roku is shutting down.

I am surprized. Roku had a plausible revenue model (selling software to the enterprise) and practical products (workgroup collaboration and serverless file sharing). Still, in burning through six million dollars in fourteen months, their spending followed old new economy patterns. Apparently the Napster stigma was a big problem for investors.

I wonder how this harsh economic climate will affect the growth of decent. software? Will it kill the baby, or will it just cause extremely hardy and profit-focused businesses to emerge?

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