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That's really cool. I'd love to read each of those in more detail, if you have the time.
by kirubakaran 8y ago
That's really cool. I'd love to read each of those in more detail, if you have the time.
- muzani 8y agoYeah I suppose I should blog it. Never occurred that people would be interested in reading about failures. A lot of the early stuff was me trying to help my wife with her business. Food made good cash flow but poor profit margins, and because of that the risk was quite high. We flipped to a more traditional role where she helps support my tech ventures now. Tech is high risk, but also much higher margins and thus less risky. My freelancing career is actually going quite well despite all the setbacks here. The big thing was realizing that payment on a project basis is really bad. Also it occurred to me when reading this that this is why people go to Silicon Valley. Every country has plenty of cheating, but it's worse in a bad economy, especially when you can get away with it. Dynamics of Silicon Valley make it harder to cheat/deceive someone and run away, so people can focus fully on building their businesses. The other half of failures is due to incompetent management, which is also something that happens much less in SV.