(UAE National) March 7, 2010, By Rehan Khan
Being an innovator can be a risky endeavour. Sometimes you get it right, most times you get it wrong. For starters, I have created a folder on my hard drive called “Failure” and in it I’ve been serendipitously archiving all of the business failure stories I come across. My first entry was Teledesic, a programme in the 1990s to launch a constellation of 840 active satellites in a low earth orbit, with the ability to provide uplinks of as much as 100 megabytes per second and downlinks of up to 720MB/s anywhere on the planet. It was marketed as an internet in the sky and would be the end of all fixed-line telecommunications operators. It even attracted funding from such luminaries as Craig McCaw, Bill Gates and Paul Allen. The project was officially closed in 2002.
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