I remember a Christmas when I was in grade school, and my mother told me that one of my gifts was “ten feet long”.
Turns out it was a basketball hoop. Nice, Mom.
Sometimes, are perception of what is true is far different that reality, and unfortunately that happens when a business fails. A founder simply can’t fulfill the vision that was presented to the investors- maybe because the founder’s perception of the market, customer needs, and competitors is not the true reality.
No one’s fault, Business is tough, and starting a business from scratch can be brutally hard. (It has been for me, anyway….am I the only one?)
Continue reading What Happens to The Founder of a Company Backed by Angel Investors if the Company Fails?
Complexity can kill.
I saw it 20 years ago, and I’m seeing it today, and it’s one of three hard truths about economic and finance. Here’s what I mean:
So I was working out at the gym today, and CNBC had yet another story on Coinbase, which is a marketplace where Americans to buy and sell Bitcoin, the virtual currency. The price of Bitcoin has increased sharply in recent months due to rampant speculation. Am I the only person who’s not making a fortune owning Bitcoin?
Continue reading What Is The Hardest Truth Of Economics?
So, I’m trudging down the hall of “Acme Hotel” at 11pm on Thanksgiving night with my family and our luggage. I drove five hours to get to Thanksgiving dinner, I ate and drank quite a bit (driver was sober- not to worry), and all of us just wanted to go to bed.
I noticed some smashed chips on the floor of the hall- they looked like Doritos, I thought. We enter the hotel room and my son pulls the folding bed out of the couch.
And there’s a small pile of chips in the bed.
Continue reading Why Do So Many Startups Fail?