When Lady Gaga learned about a little startup called Backplane, she loved the idea of a social networking site that would allow people with niche interests to create unique communities online. She provided big-name backing to the startup, adding a boost to its already abundant investment capital.
Related: Managing Conflict Is Essential to Success
Where is Backplane now? Dead as a doornail. Internal conflicts between the founders led to mismanagement that drained all $18.9 million of the funding they’d received.
So, that’s the lesson here: All the money and endorsements in the world won’t guarantee you
source http://www.omnipopmag.com/2017/03/06/3-ways-to-use-conflict-to-strengthen-your-startup/
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