Bankruptcy and Recovery: Lessons from a Flash Pioneer

December 27, 2018 / GuidesFor Team

The software solutions industry, particularly all-flash array, is a highly competitive market where many startups attempt to dive into, armed only with statistical forecasts to somehow assure their place in it. Unless you are an established company through the decades, startups venturing in this industry should expect highly volatile returns. Although there is a huge market, not all startups succeed. Flash pioneer Violin Systems, which used to boast $72 million revenue in 2012, was down to $7.5 million by 2016. This article by Chris Preimesberger explores the lessons from Violin’s bankruptcy, as well as how the company is attempting to recover itself. -April Toledo

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