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That's a pretty good deal but ... A recent college graduate walks into a roomful of people with a PowerPoint slide deck and prototype software he spent the las
by smoyer 12y ago
That's a pretty good deal but ...
A recent college graduate walks into a roomful of people with a PowerPoint slide deck and prototype software he spent the last three months on. It's using the most hyped technologies available and his presentation is fully buzzword compliant.
He walks out of the room with a cool "one meeeellion dollars" with the promise of more to come. Ten months later he writes a sorrowful admission that there was no way to make money even though the idea was cool - and cuts his users off from something they'd become attached to.
He also walks away debt-free, but didn't lose his cheese.
BONUS ALTERNATE ENDING:
His start-up was accelerated by all the media furor over the new cryptocurrencies and troves of wishful Bitcoin investors deposit their hard-mined treasures. Those new technologies seemed so sweet until a hacker found a vulnerability and stole everything the company AND its customers owned.
BONUS ALTERNATE ENDING:
His start-up was accelerated by all the media furor over the new cryptocurrencies and troves of wishful Bitcoin investors deposit their hard-mined treasures. Those new technologies seemed so last week but a twentyish guy shouldn't be burdened with the rigors of running a company - and look at all that money! (Transfers it to his own account and says they were hacked).
MORAL OF THE STORY:
Build a business that has a clear path to a profit (or better yet, can be built with profits).