On: How to Come Up with Profitable Business Ideas

[ggg9990]

I made just over $1m because we raised a bunch of money for growth that didn’t pan out. Because LOL California the money went straight into a house. I still have a mortgage and a day job.

[sheeshkebab → ggg9990]

And I guess the moral of the story - don’t raise money if you got to $100k+ revenue alone by yourself?

[ggg9990 → sheeshkebab]

Bigger lesson is to buy a house as soon as you can. I’ve made more money on paper living in this house than building the company.

I kind of needed to raise the money. The wheels were falling off the bus because the software was so bad and it needed to be professionally written. I should have raised less and sold sooner though.

[mrhappyunhappy → ggg9990]

Unless you live in Japan where real estate depreciates.

[elvirs → ggg9990]

damn