The fact that Nerds, a musical about Bill Gates and Steve Jobs which has been in development for a decade, cancelled its Broadway run less than a month before its first preview, shouldn’t be entirely shocking. After all, the marquee of the Longacre Theatre, where it was to begin performances, still carried the logo for Allegiance, the musical that closed there in February. At 5 pm on March 8, the day of the announced cancellation, the lighted display cases on the front of the building were empty and dark.

By the same token, the box office lobby was crammed full of equipment boxes for the show’s load-in. The cast was already in rehearsal. Presumably there was a nearly finished set somewhere, costumes on racks, and so on.

What happened to Nerds seems to happen every so often, but it’s one of the lesser discussed examples of a show going awry on Broadway. It doesn’t have the ignominy of closing immediately after its opening night (like the musical Glory Days) or the gossip page-worthiness of shutting down in previews (like the Farrah Fawcett vehicle Bobbi Boland). It’s not a case of a show that announced plans to happen, but never really came together, like Pump Boys and Dinettes did two years ago.

It’s not a saga like the cursed, headline-making musical Rebecca, twice underway and twice cancelled, with a con artist posing as the representative of a fictional investor behind its undoing. Because Nerds never began performances, it will never enter any of the history books or databases that would preserve its brush with Broadway.

Nerds was simply a lower profile show that, like a number before it, couldn’t survive the withdrawal of a key investor late in the game – or at least it stated that was the reason. The same thing happened to a revival of Godspell in 2008, although that one managed to get on three years later, with much of the same creative team and even a few of the same cast, albeit under the aegis of a different producer. But that’s more the exception.

The fate of Nerds is a reminder that for all of the bullish words about Broadway’s health – highest attendance! highest revenue! – many of the shows that get there may be doing so while playing a game of brinksmanship, racing the clock to get in the entire capitalisation by the legally mandated deadline. After all, if shows feature 10, 15, even 20 producers above the title, how many individual investors stand behind them, to make up budgets that can now be $4 million for a play, and in some cases four times that for a musical?

With Nerds, there are people who have suddenly been put out of work with no warning, there are people on the hook for expenses for a show that had its last full performance for a small invited audience on Wednesday in its rehearsal hall, there are creators whose dreams have been dashed. Nerds may quickly fade from the memories of the relatively few who were familiar with it, and it joins a list of other shows to meet the same fate. But it’s also an important reminder – in the era of juggernauts from The Phantom of The Opera and The Lion King to The Book of Mormon and Hamilton – of how many pieces have to come together to make a show a success, and just how fragile a new production can be.

Tagged Allegiance, Bill Gates, Bobbi Boland, Glory Days, Hamilton, Nerds, Pump Boys and Dinettes, Rebecca, Steve Jobs, The Book of Mormon, The Lion King, The Phantom of the Opera, The Stage