There's a "Museum of Failure" in Sweden which highlights 150+ failed products. It's meant to show that innovation requires risk-taking and failure.
Here are 10 gems you may not remember:
ESPN phone (2006)
This ESPN-branded flip phone provided grainy video highlights and 24/7 sports news. It cost $399 or "free" with a $65-$225/month plan.
It lasted <1yr, with Steve Jobs telling ESPN execs "“Your phone is the dumbest f***ing idea I have ever heard.”
Ikea a.i.r. (1980s)
Ikea took "DIY" and "transportable" to new heights with its line of inflatable furniture (a.i.r.).
Valves constantly leaked and needed re-pumping. The line did last almost a decade, though.
TwitterPeek (2009-2010)
A $200 handheld device that *only* ran Twitter. It was a disaster:
◻️You could only see 20 characters at a time
◻️Linked websites were inaccessible
◻️It only refreshed the 10 most recent Tweets
Spray-on Condom (2006-2008)
Step 1: Insert junk into spray apparatus
Step 2: Spray on melted latex
Step 3: Wait 3 minutes for it to dry
Step 4: This is the most insane thing ever seen in my life
Lifesaver Holes (early 1990s)
Honestly, this was kind of a good idea.
Lifesaver launched a product that was supposed to resemble the punched out holes from the OG circular candies. It totally flopped.
Nintendo Power Glove (1989-1990)
This was one of Nintendo's first forays into VR tech. It sold 600k units in the first 6 weeks but didn't actually do anything of note.
The hand-motion tech would later develop into the super successful Nintendo Wii controller, though.
Harley-Davidson Cologne (1996-2005)
Harley has a strong brand and merch makes up ~5% of its sales. In the mid-90s, the motorbike manufacturer got a little ambitious w/ its brand extension strategy: eau de toilette (AKA cologne).
The scent was called -- wait for it -- "Hot Rod".
Apple Pippin (1996-97)
Pre-Steve Jobs return, Apple launched a gaming console. It used Macintosh tech, so was pretty powerful...but way overpriced.
It cost $600 vs. $200 for the N64.
In a year on the market, Apple sold 42k units (N64 sold 300k on the *first* day).
Arch Deluxe (1996)
It's McDonald's largest flop.
Facing pressure from BK, McD made an "adult" burger: patty on potato-flour bun w/ lettuce leaf (not shredded), tomato + fancy mustard.
It failed after $100m in ad spend (the ad copy had children criticizing the "adult" taste).
Colgate Frozen Beef Lasagna (early 1980s)
The Museum of Failure can't confirm whether or not this *actually* existed (Colgate says "no"). If true, one of the more ludicrous product crossovers ever LOL.
Nike Magneto (1995-97)
Nike created a pair of futuristic sunglasses that didn't have temples (the part that goes over your ear).
One big catch: to wear them you had to glue frickin magnets on your face so the shades could clip on.
If you enjoyed that, I write baller business threads like this 1-2x a week.
Def follow @TrungTPhan to catch them in your feed.
Here’s a CNET review of the Twitter Peek, the handheld device that *only* does Twitter (from 2009).
It’s terrible.
🔗
Coloured Ketchup (2000-06)
Heinz made a line of kid-friendly ketchup and did wild food engineering to make different colors work: Blastin Green, Funky Purple, Stellar Blue, Passion Pink, Awesome Orange, Totally Teal.
It had a short run before folding (and is objectively insane)
The best quote on failure and innovation is probably from @JeffBezos in 2016 (after a $170m write down on the Amazon Fire Phone):
Last note on Arch Deluxe.
Mcdonald’s forgot who they were (not fancy burgers). As architect of its business model said below:
This timelapse of Alex Honnold’s 1 hour 35 minute free solo climb of Taipei 101 is unreal.
He said the main challenge was “not getting complacent up the bamboo boxes, because it’s 64 of the same sequence over and over.”
His music playlist (mostly Tool) helped because each bamboo box took about the length of a song and he could keep pace.
Honnold wants to climb other mega skyscrapers if allowed.
Thinks Taipei 101 was the ideal challenge, though: “This one is so perfect for climbing. There are some buildings that are almost too easy for climbing. Like, ones that have a window washing track on the outside, where you’re just hand over handing on some track the whole way. You can climb it, but it’s not a challenge. The thing about Taipei 101 is it’s perfectly in the sweet spot for me, where it’s possible, and it’s not too insanely hard.”
“The dragons, they’re also probably the scariest thing to actually do. I mean, they’re really fun, they’re really cool. It’s an incredible sequence, cool position. But every time I set up on the dragon, I’d be like, “this is kind of crazy.” You’re like, out over the abyss. It’s cool.”
Matt Damon and Ben Affleck on Rogan taking about how Netflix has changed filmmaking.
A major considerations is dealing with distracted viewers. To keep them tuned in, “you re-iterate the plot 3-4x in the dialogue because people are on their phones.”
Then, in action films, you change the ordering of climatic fights.
In traditional action films, you’d have “three set pieces” in every act (I, II, III) and each would “ramp up” (spend the big money on third set piece).
But streaming has to hook viewers within 5 minute, so the incentive is to put a major battle or action sequence much earlier.
Also, the directors have less incentive to make a film look great because so many people watch on laptops and phones.
They do say that streaming allows for more bets on risky projects since the theatre economics are geared towards IP, sequels and super-heroes.
Example: an independent film with a $25m budget would spend $25m on marketing (1:1 ratio). But since it splits box office with the theatre, the film needs to make $100m (1/2 of which is $50m) just to break even.
They’re realistic about the state of film and call it a supply-demand issue. If the demand is for at-home viewing (eg. Netflix 300m+ subs), then filmmaking approach will change to feed the algo.
When there’s demand for theatre, Damon will go team up with Christopher Nolan to make “The Odyssey”.
A similar dynamic is happening to streaming TV shows. The incentives for story arc, dialogue and character types warped thr medium.
The Economist has a great piece on strategy sportsbetting apps use to throttle smart bettors:
▫️Skilled players are “sharps” and given “stake restrictions” if they play too well (bets are capped).
▫️Rest of players called “Square”.
▫️In 2025, 4.3% of active UK accounts had a “stake factor” below the maximum bet allowance of 100%.
▫️Sportsbook will take bets with a profit margin as low as 4.5%.
▫️If they are able to do good “player-profiling” and keep the “sharps” from playing, the profit margin can reach 10-20%.
▫️As important as keeping out “sharps” is hooking “whales”, the deep-pocketed players that are willing to keep playing (and losing) large sums.
▫️Some “whales” are actually “sharps” in disguise, though. They’ll lose a bunch of bets to lull the sportsbook then put down a massive bet when they have an edge.
▫️While there is a risk of a “whale” being a “sharp”, the value of a real “whale” is so high that sportsbook will take the risk
▫️“In March 2024 PointsBet, raised its share of online sports-gambling revenue in New Jersey from 11% to 24% after wooing a single cash-spouting customer away from DraftKings.” (I can confirm that this wasn’t me).
▫️How sportsbook profile players:
> Playing on Mobile is a good sign (where majority of people play)
> Playing on PCs is a bad sign (it’s easier to compare odds and run models)
> E-wallets are a red flag (sportsbooks prefer debit direct deposit that can attach a player to a single account; e-wallet is more anonymized and players can move cash between sportsbook more quickly to shop for the best odds)
> Women bettors are a red flag (most bettors are men and “sharps” often use women to place bets)
▫️First wagers are a major tells (typical bettors go after top leagues — NFL, NBA, EPL — and do so near the start of the game).
▫️Popular bets for “squares”: who will win, scoring margins and how star player will perform (also, they love multi-leg parlays).
▫️“Sharps” go after less popular leagues and place bets as soon as odds are published, when they are most mispriced. They also go after less popular bets such as “pts in Q3” or stats from a random player (“Sharps” rarely do parlays and don’t withdrawal winnings often).
▫️One gambling consultant tells The Economist that “By the time a customer places his first bet, [sportsbooks] are 80-90% certain they know the lifetime value of the account.”
▫️”Sportsbooks look at a player’s ‘closing-line value’ — a measure that compares the odds at which he bets with those available right before a match begins. If it is consistently ahead of the market over his first ten wagers, he is highly likely to beat the book in the long run.”
▫️Sportsbook mathematically monitor players and creates a new risk score every 6-8 hours (risk score = estimate of probability that customers will wind up unprofitable).
▫️E-wallet users, women and bets over $100 are flagged. These suspicious bettors are given 30% of maximum bet (and proven sharps only allowed 1%).
▫️High-skilled players will often get a “beard” to bet on their behalf. Most sportsbooks ban this practice but it is widespread.
▫️Safest “beards” are close friends and relatives because you can mostly rely on them to pay out any winnings. The “beards” try to look like degens (playing at 3am, bet non-stop and doing ridiculous parlays) before placing a winning bet.
▫️The most effective strategy for “sharps” is “whale-flipping”. Find a losing gambler, then ask to put a (likely) large winning bet amongst their pool of guaranteed losers.
▫️Once “sharps” max out the people they can use as “beards”, they tap professional networks called “movers”. These “movers” employ a bunch of “mules” who can put down bets on the behalf of the network. Low-end movers charge 10-20% while high-end movers charge 50% of winnings.
On a related note, I wrote on how slot machines make $10B+ a year in Las Vegas (~70% of all casino gaming revenue).
The history, psychology and design of the device…which went from a throwaway game to the industry’s “cash cow” and “gambling’s crack cocaine.”readtrung.com/p/the-ludicrou…
Satya Nadella on why Microsoft Excel has been so durable after 40 years:
> the power of lists and tables
> the malleability of the software (“a blinking canvas”)
> spreadsheet software is Turing complete (“I can make it do everything”)
> it’s the world’s most approachable programming environment (“you get into it without even thinking your programming”)
The invention of bánh mì is a combination of climate, trade and urban layout of Saigon in late-19th century designed by French colonist.
When the French captured the area in 1859, most economic activity in the region took place along the Saigon river.
The population built makeshift homes tightly bundled by the river banks. Outgrowth from this eventually lead to narrow alleyways between many buildings that is trademark of the city (the Khmer named the region Prey Nokor then French renamed it Saigon and then it was renamed to Ho Chi Minh City in 1976 after end of Vietnam War).
Over decades, the French created European street grids and built wide Paris-type boulevards in the city to funnel commerce to larger markets (also make the city easier to administer).
It was at these markets that French baguettes were introduced and traded.
Bánh mì bread is known for being flaky and crispy on the outside while fluffier on inside (so god damn good).
Two features of Saigon helped create this texture:
▫️Climate: The heat and humidity in Southeast Asia leads dough to ferment faster, which creates air pockets in bread (light and fluffy).
▫️Ingredient: Wide availability of rice meant locals added rice flour to wheat flour imports (which were quite expensive). Rice flour is more resistant to moisture and creates a drier, crispier crust.
Fast forward to the 1930s: the French-designed street layout is largely complete. Now, the city centre has wide boulevards intersected by countless narrow alleyways.
The design was ideal for street vendor carts. These businesses were inspired by shophosue of colonial architecture to sell all types of goods as chaotic traffic rushed by.
Vietnam has some of the most slapping rice and soup dishes, but many people on the move in the mornings wanted something more portable and edible by hand.
Bánh mì was traditionally upper class fare but it met the need for on-the-go food.
Just fill the bread with some Vietnamese ingredients (braised pork, pickled vegetable, Vietnamese coriander, chilies) along with French goodies (pate).
Pair it with cà phê sữa đá (aka coffee with condensed milk aka caffeinated crack) and you’re laughing.
Haven’t lived in Saigon for 10+ years but ate a banh mi every other day when I did.
While there, I also sold a comedy script to Fox (pitch: “The Fugitive meets Harold & Kumar set in Southeast Asia”).