I’ve Never Seen a Deal Botched This Badly…

Check out this TechCrunch story regarding the End of Stage6. I thought the product was shut down because it was essentially a pirated movie web site… looks like I was wrong.

This is a fantastically well-written story by Michael Arrington on how to mismanage a business and cost investors a significant amount of value.

What’s also a shame is that the Divx Codec is a great product.