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A spreadsheet of the businesses I've started over the past 15 years

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Re: A spreadsheet of the businesses I've started over the past 15 years

#41
post #21
post #8

> Amazon affiliate sites I think this is a completely different mindset compared to engineers/"nerds", that's why most of us work for others instead of starting our own businesses.

Not clear why he couldn't sell any of those sites.

If we’re talking about the affiliate sites, it’s because they collectively grossed a total of maybe 50 cents.

Wasn’t worth the time to try to sell them.

Re: A spreadsheet of the businesses I've started over the past 15 years

#42

Feels like he doesn't give the businesses enough time to gain popularity. Some of them were clearly not bad ideas, like the ad management one.

I noticed the same thing. The one that jumped out to me was something like, sold before it launched for $10000. Why would you build something and take 10 grand instead of launching it? Desperation?

I suppose it depends how much you need 10k, and how much you believe in the business.

Re: A spreadsheet of the businesses I've started over the past 15 years

#43

Feels like he doesn't give the businesses enough time to gain popularity. Some of them were clearly not bad ideas, like the ad management one.

Completely agree! Me posting that spreadsheet was certainly not a recommendation for anyone to emulate me.

There are definitely businesses in there that I regret moving on from too soon but you live and learn. ¯\_(ツ)_/¯

Re: A spreadsheet of the businesses I've started over the past 15 years

#44

Feels like he doesn't give the businesses enough time to gain popularity. Some of them were clearly not bad ideas, like the ad management one.

I noticed the same thing. The one that jumped out to me was something like, sold before it launched for $10000. Why would you build something and take 10 grand instead of launching it? Desperation?

I would gladly take $10k and move on to my next project over building, marketing, sales, etc., with no promise of a return. He obviously enjoys the inception/building phase and that time he got to build and then cash out with very little investment. If I was very confident that my idea would take off, I'd reject early offers and go for it. However, for many of us, everything after the building phase is like pulling teeth. For others, its great. But I definitely relate to that decision.

Re: A spreadsheet of the businesses I've started over the past 15 years

#45

Feels like he doesn't give the businesses enough time to gain popularity. Some of them were clearly not bad ideas, like the ad management one.

I noticed the same thing. The one that jumped out to me was something like, sold before it launched for $10000. Why would you build something and take 10 grand instead of launching it? Desperation?

Part naivety on how markets/competition worked at the time and part “I have a $10k tax bill that I need to pay” (which is a whole other story in itself).

Re: A spreadsheet of the businesses I've started over the past 15 years

#48

I'm jealous that he's made so many things, surprised by the small amount of money they've been sold for, and unsure whether this is someone I should emulate or someone I should view as a cautionary tale.

Actual value is only what someone else is willing to pay.

Re: A spreadsheet of the businesses I've started over the past 15 years

#49
post #9

They are more akin to projects than businesses. The majority of the businesses could be categorized as small web apps and Amazon affiliates. Most appear like he didn't find a problem to solve, but tried to create a solution. There also doesn't appear to be much thought given to market size for each product.

The title of the spreadsheet is “Josh Pigford's Absurd List of Products, Apps, Websites & Businesses”...they definitely weren’t all full on “businesses” and the large majority of them were terrible ideas. I definitely don’t recommend most people go the route I did. :)

Re: A spreadsheet of the businesses I've started over the past 15 years

#50

Earlier quoted context omitted.

Honestly, I'm not really sure if that's really true any more. I wasn't working hard when I bought Bitcoin at three bucks a coin. I was just intellectually curious. If anything when I was working hard was two years before that on a soon to be failed startup. We crawled the web for ads just before the ad business went hyper targeted. I made -$20k from working hard. I made a lot more from Bitcoin. I would have made way…

You are equating money with success.

Yeah. I realized that at the time I was writing it. But in software it's usually that way. Very few data points are Torvalds. Most are Gates or Zuck.

After writing the above, I Googled Linus. Apparently he's worth over $100m.

But you're right. Plenty of really successful poets or athletes are poor.

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