...and thanks for all the fish
16 Aug 2006
Tagyu’s been shut down for now.
It was a good run, and the technology has some exciting implications. But in the end, information retrieval is expensive—the server power required is enormous. Although Tagyu was bringing in enough revenue to cover costs, it didn’t afford any room for growth.
Tagyu was never really a consumer play—the target market was companies that need classification services. The process of managing the technology, looking for funding, and working on sales turned out to be too much for a single entrepreneur to manage. Lesson learned: for a enterprise software startup, you need multiple founders or the funding to hire some help.
I have something else in development—something I’m very excited about. More on that in a day or so.