With all the knit picking going on, it makes me wonder how many actually have done any form of a startup successfully soup to nuts, ...
One.
But I have no idea what it has to do with knitting.
I wouldn’t call some of these clearly fatal flaws we are all reading here “nitpicking” though.
More like “completely predictable failures”.
And I’m just reading along like you. I couldn’t care less how many people the guy scams money out of, really.
The one I built is still going under a new name, BTW. It had serious financial troubles and the founder’s shares went to zero, 400 of 500 laid off because it tried to grow too fast.
But it provided the products and services the customers paid for from day one and never stopped doing so. Even at 1/5 the staff.
Investors got all their money back. Some even got interest. The two originators walked with $6M. The rest of us got higher than average salaries, good bennies, free beer, and those toilet paper founder’s shares.
There’s businesses and then there’s hobbies. I doubt anybody’s even getting back to break even in this hobby described here.
Maybe they get some free beer though.
Quite a few big name stuff most of us all use out of California tech has yet to make a profit. Household names. But they provide the goods and services they say they provide.
Estimated restaurant failures are as high as 80% in some locations. You still get a plate of food and a drink as a customer before they die.
No dog in this guy.’s fight, but I doubt he makes a single delivery after reading this thread.
He isn’t unsuccessful because he did “soup to nuts”. Plenty of us have done startups that provided working products and services from day one.
(Technically it was day 60 or so since we had to wire the place for power, but we didn’t take a dime until then from anybody. Didn’t even have any investors outside of the two principles at that point either. Pretty sure they mortgaged their houses. They each made an extra 250K a year in ROI over ten years on a “failure”. They’re still sorry they had to jettison 80% of the staff a month before Christmas to cover the called loan.)
Experience at a startup won’t save one that doesn’t have a product. Totally unrelated. [/QUOTE]