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Losing our business – we didn’t see it coming

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Re: Losing our business – we didn’t see it coming

#71

Post by marian111 »

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Re: Losing our business – we didn’t see it coming

#72

Post by johnwheeler »

kev-reframed wrote: post #65
johnwheeler wrote: post #48

Earlier quoted context omitted.

I do think the author told himself he was writing it in good faith, but it was hard for me to see where he took direct responsibility for the outcome. I read it as more blame-shifting to Simon, and since this Simon character doesn't have a voice in this, we can't see the whole picture.

Hi, We have taken responsibility for what went on. Simon was not the cause of the downfall of the business. The fact that we could not monetise and didn't have a commercial business was not his fault. We have said that to each of our investors in person. We have still maintained a good relationship with all of them and they were involved in our board meetings around this (as they have all of our board meetings) right…

I can definitely appreciate the article being taken out of context by an unintended audience who doesn't know anything about you. Your friends know you better than we do.

Re: Losing our business – we didn’t see it coming

#73

Post by kev-reframed »

mtrycz wrote: post #22

"due diligence", "due diligence", "due diligence" I mean, I know it's a term, but the literal meaning... If they had been diligent where/when diligence was due, all of this was evitable. Also, they should really do some legal action on the guy. Not because of revenge, but to try to save others from future actions of the con man. Public shaming is just not so stylish.

I'll take that. We weren't dilligent enough.

That's another reason I'm not going after him legally. He tricked us, it's my fault for not being dilligent enough.

There is someone going after him legally (We were not the only people involved) and they have a stronger case, so I have given them all of the information that I have.

I agree public shaming is crass - an investor of ours was going to write the story if I did not and he is far more prominent than me. I expected this story to only be read by my friends locally so they could be forewarned about him, not do business with him. I was also telling the story individually to my friends. So I posted it on my facebook feed, it somehow ended up here

Re: Losing our business – we didn’t see it coming

#74

Post by kev-reframed »

boxcardavin wrote: post #14

A bizarre story that should be a reminder to everyone that your gut will often point in the direction of a problem. Also, the article is written as a reminder, a warning, to not overuse commas when I type.

in, real, life, I speak, like, William Shatner. I think my writing should reflect that

Re: Losing our business – we didn’t see it coming

#78

Post by simonswords82 »

kev-reframed wrote: post #67
simonswords82 wrote: post #7

Earlier quoted context omitted.

AND they forgot to discount his invoices until right at the last minute. I respect the author's transparency but there are a huge number of lessons to be learned here before jumping head first in to any other new business startup that relies on other people's money to launch.

absolutely - we have taken a huge hit. We made a lot of mistakes. Our next project we are building MVP but not looking for investment to launch it

I should point out that I've made numerous mistakes too! Just fortunate that it was only ever my money on the line. Again, respect for your transparency - takes balls.
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