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Having been a struggling entrepreneur for more than ten year, the one thing that I have learned that I have found to be extremely useful turns out to be the same one thing that I learned when I was an engineering professor at UCLA which is "never fly a new engine with a new airframe".

My observation with Podtech is that it was trying to do too many things at once (establish a new market, a new technology, finding and educating new customers, inventing a sustainable and profitable business model, etc.) and as a result, it managed to survive for only as long as there was money in the bank. It couldn't stand on its own and couldn't survive and would not have existed without VC money.