Failures are always interesting, but it is incredibly hard to pinpoint why it failed. Lots of things can go wrong, and it is usually a combination of factor that kills a company.

I was once told only to take advice from people who succeeded repeatedly at a task. Building a company and succeeding is impressive, but there may be a lot more factors in play than just the actions of the founders. Building several successful companies makes the difference.

I started following a lot of indie games on Reddit, and it was a huge bummer to watch great-looking, fun, polished games crash and burn time after time

It definitely scared me away from investing in my own game ideas.. not sure if that was a good thing or not