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You might not recognize the name Justin Kan, but you\u2019d likely recognize his website. Kan was a co-founder of Twitch, which grew to become the number one gaming<\/strong><\/a> website in the world. Not only does Twitch have massive cultural reach \u2013 everyone from pro athletes to Snoop Dogg have hosted Twitch streams \u2013 it was also very profitable for Kan, selling to Amazon in 2015<\/strong><\/a> for almost $1 billion.<\/p>\n Kan\u2019s next project was Atrium, a startup that was part law firm and part software company. (The idea<\/strong><\/a> was to create software that would make life easier for Atrium\u2019s in-house legal team, allowing them to work more efficiently and therefore offer their services at a lower rate.) And after Kan\u2019s success with Twitch, investors were eager to get on board: Atrium secured $75.5 million in funding.<\/p>\n Thirty-six months later, Atrium was shutting its doors, and returning what was left of that money to investors. More than a year after making that decision, Kan posted a sort of video confessional<\/strong><\/a> that explains what went wrong. \u201cPeople love talking about success,\u201d he wrote on Twitter, \u201cbut today I\u2019m going to talk about failure.\u201d<\/p>\n Read the full article + more content like this over at my weekly newsletter, The Quest Digest. Subscribe to download my thoughts and learnings in startup, business, and tech, to wellbeing and everything in between.https:\/\/t.co\/fXSfohR19i<\/a><\/p>\n — Justin Kan (@justinkan) May 27, 2021<\/a><\/p><\/blockquote>\n\n