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I once worked for a small but very profitable tech company. The owner pretty much had to sit back and rake in the money. He was, however, a huge asshole and al
by pryelluw 4y ago
I once worked for a small but very profitable tech company. The owner pretty much had to sit back and rake in the money.
He was, however, a huge asshole and alcoholic. Wasn’t able to let it function without him. Went from a couple of million dollars profit to closed when I quit. He couldn’t find other devs. Tried to outsource it but just failed.
I quit because he tried to treat me like shit. Like he treated his other employees behind the scenes (the guy was very sneaky). So I left.
Then tried to offer me a cut but I wasn’t gonna partner with such asshole. There isn’t enough money in this world.
Last I heard he was trying to launch a similar product but failing horribly.
The product wasn’t complex but required specific knowledge of different things. So it was rare to find people with that knowledge who were also effective.
- jamestimmins 4y agoNow that the company is gone, have you considered using your experience to build a similar product in that space?
- pryelluw 4y agoYes, but it’s not what I want to do with my life. The journey is the destination.
- mod 4y agoYou should post it in the next "idea" thread.
- swyx 4y agoi mean, 2m a year passive income, that sounds like a pretty good space to be in. it doesnt seem like you have any particular loyalty to it and its closed so... what was the business? you dont have to name it, im just curious economics-wise what let this business exist on autopilot
- pryelluw 4y agoIt wasn’t passive income. The business was simple enough and he had managed to hire good people. It would run by itself pretty much. It wasn’t a typical startup. Just a small business that sold a software as a service. The product revolved around making sales easier. The owner was a long time sales person.
- swyx 4y agothanks for the elaboration :)