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As Seen in The Wall Street Journal

6 Forces of Failure - Team

Some of the key signs that the team is the cause of failure includes: not surrounding yourself with a strong, experienced, and engaged board and team; not giving key stakeholders, such as venture capitalists, key talent, and partners, a piece of your upside to create a much bigger outcome; the team has engaged in fraud; inability to attract and retain key talent.

1961 Philadelphia Phillies. - Failure Museum

1961 Philadelphia Phillies

The 1961 Philadelphia Phillies season was the 79th in franchise history. The Phillies finished the season in last place in the National League at 47–107, 46 games behind the NL Champion Cincinnati Reds. The team lost 23 games in a row, the most in MLB history.

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1962 NY Mets - Failure Museum

1962 New York Mets

The 1962 New York Mets season was the first regular season for the Mets. They went 40–120 (.250) and finished tenth and last in the National League, 60+1⁄2 games behind the NL Champion San Francisco Giants, who had once called New York home. The Mets’ 120 losses

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Angels Cheerleaders - Failure Museum

Angels

Disney acquired the Angels in 1996 after creating the NHL expansion team, The Mighty Ducks, in 1992. Disney later sold both teams as they realized it was outside their core competency to operate sports teams. Disney unsuccessfully introduced cheerleaders at Angels games.

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Arthur Anderson - Failure Museum

Arthur Andersen

In 2002, had questionable accounting practices with Enron and Worldcom; led to the Sarbanes-Oxley Act. Was America’s oldest accounting firm with 29K employees.

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Bernie Madoff - Failure Museum

Bernie Madoff

In 2008, Bernie was arrested for turning his wealth management business into a $65 billion Ponzi scheme, which collapsed during the financial crisis.

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Boo.com - Failure Museum

Boo.com

Founded in 1998, Boo.com wanted become the largest online sports e-retailer in the world, planning to set up stores in both Europe and America simultaneously. The company spent $135M in venture capital in just 18 months and went out of business in 2000. The

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Boston Yankees - Failure Museum

Boston Yankees

The Boston Yankees were an NFL team who played from 1944-1948. The team played its home games at Fenway Park. Team owner Ted Collins picked the name Yankees because he originally wanted to run a team that played at New York City’s old Yankee Stadium. After

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Brien Taylor - Failure Museum

Brien Taylor

In 1991, the New York Yankees selected Brien with the first overall selection in the draft, but he never played a game in the majors. He threw a punch that didn’t connect, which ripped his left arm right out of the socket, dislocating his

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