4 ms·

We're definitely in that position, except we know our stuff is shit and we're rebuilding it and hiring furiously to rebuild it. 99% percent of life is knowing t

We're definitely in that position, except we know our stuff is shit and we're rebuilding it and hiring furiously to rebuild it. 99% percent of life is knowing the difference isn't it?

deleted 13y ago
[deleted]
sehr 13y ago
Which company are you involved with?
- gabemart 13y ago
  He's a founder at http://coffitivity.com http://coffitivity.com
- tomasien 13y ago
  KnoxPayments.com - connecting all US bank accounts so people can make payments just by logging into their online banking. Working pretty furiously to make it way better, which forces us to stay in closed Beta and hold off on some of larger integrations that would be pushing our revenue up.
dperfect 13y ago
Maybe the biggest tragedy of Mt. Gox is that even after doing well and earning loads of revenue, they still didn't recognize (or hire someone who would help them recognize) their own weaknesses. This story should be a wake-up call for any entrepreneur/developer to never become complacent, even when things are going well.
WoodenChair 13y ago
There's a big difference between making an app that loops an MP3 (no offense - certainly well done and well marketed) and one that handles millions of financial transactions. Don't feel bad - if something goes wrong with yours, nobody loses their life savings.
- logicchains 13y ago
  I think it's fair to say at this point that if somebody placed all their life savings in Mt Gox, they themselves probably deserve at least some of the blame for their loss.
  - deleted 13y ago
    [deleted]
- tomasien 13y ago
  I appreciate that - I actually run a fintech startup that handles some of the most sensitive information that exists. Our security around THAT information is solid, but the front end that interacts with it is shit and that makes me nervous.
gabemart 13y ago
I just noticed your profile mentions Coffitivity's revenue. What's the revenue model, if you don't mind my asking?
- tomasien 13y ago
  We sold the apps for a while and made enough money to power the company for a while, making the move to freemium now. I'm actually no longer actively involved with Coffitivity, I founded knoxpayments.com and am doing that full time. Coffitivity is in some extremely capable hands though.
  - gabemart 13y ago
    Thanks!

We're definitely in that position, except we know our stuff is shit and we're rebuilding it and hiring furiously to rebuild it. 99% percent of life is knowing the difference isn't it?

deleted 13y ago

[deleted]

sehr 13y ago

Which company are you involved with?

gabemart 13y ago
He's a founder at http://coffitivity.com http://coffitivity.com
tomasien 13y ago
KnoxPayments.com - connecting all US bank accounts so people can make payments just by logging into their online banking. Working pretty furiously to make it way better, which forces us to stay in closed Beta and hold off on some of larger integrations that would be pushing our revenue up.

dperfect 13y ago

Maybe the biggest tragedy of Mt. Gox is that even after doing well and earning loads of revenue, they still didn't recognize (or hire someone who would help them recognize) their own weaknesses. This story should be a wake-up call for any entrepreneur/developer to never become complacent, even when things are going well.

WoodenChair 13y ago

There's a big difference between making an app that loops an MP3 (no offense - certainly well done and well marketed) and one that handles millions of financial transactions. Don't feel bad - if something goes wrong with yours, nobody loses their life savings.

logicchains 13y ago
I think it's fair to say at this point that if somebody placed all their life savings in Mt Gox, they themselves probably deserve at least some of the blame for their loss.
- deleted 13y ago
  [deleted]
tomasien 13y ago
I appreciate that - I actually run a fintech startup that handles some of the most sensitive information that exists. Our security around THAT information is solid, but the front end that interacts with it is shit and that makes me nervous.

gabemart 13y ago

I just noticed your profile mentions Coffitivity's revenue. What's the revenue model, if you don't mind my asking?

tomasien 13y ago
We sold the apps for a while and made enough money to power the company for a while, making the move to freemium now. I'm actually no longer actively involved with Coffitivity, I founded knoxpayments.com and am doing that full time. Coffitivity is in some extremely capable hands though.
- gabemart 13y ago
  Thanks!