iRobot's Bankruptcy: A Cautionary Tale for Entrepreneurs

iRobot, the pioneer of the Roomba vacuum, filed for bankruptcy after a decade-long struggle with regulatory hurdles, ultimately scaring off Amazons $1.7 billion buyout. Founder Colin Angle blames the drawn-out process for the companys downfall, which he believes stifles innovation and discourages investors. Despite iRobots legendary journey, from Mars rovers to healthcare robots, Angle is now launching a new startup focused on emotional smarts for consumer needs. His advice to entrepreneurs: prioritize market problems over robot hype.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.