mistakes

The biggest tech mistakes startups make and how to avoid them

Everybody loves a successful startup, but even the most successful startups generally overcome plenty of mistakes before they become successful. Unfortunately, for many young companies that don’t win in the marketplace, failure is the product of fatal mistakes.

Like most things in life, mistakes aren’t created equal, and when it comes to the mistakes that can really hurt a young startup, technology mistakes can be particularly pernicious.

Here are several of the biggest technology mistakes startups make and how they can be avoided.

Did Netflix just make a huge multichannel mistake?

With a market cap of over $15bn and a share price of $290, Netflix is one of the internet’s highest flying stars. But changes the company is making to its pricing could have it crashing back down to earth.

Yesterday, the company announced that it is offering two separate plans going forward: one for unlimited DVDs by mail, which costs $7.99/month, and one for streaming, which also costs $7.99/month. Currently, Netflix customers can receive both unlimited DVDs and streaming for only $9.99/month.

Not surprisingly, a 60% price increase has sparked an online fury, with angry Netflix customers threatening to drop their Netflix subscriptions.