Flamboyant Chris

Chris had just raised funds for his early startup around US$100000. Happy to core, he wished to spend a large chunk on infrastructure and very less on people and technology. His venture started facing money crunch in 8 months..

Soon he through his contacts again rose another round of US$100000. This time he decided to give high remunerations to his team and invested in technology but didn’t keep enough amount for marketing..

He again rose US$100000 through his contacts and pushed everything in marketing and evolving business model..

50% gone of his equity, he realized he missed on the online marketing / customer preference need based development.

He was confused.. What model really works in business.

He wished he had pitched in good finance advisors right from day 1 of his business. He had a good link with angel investors which survived him for 3 years as Chris was a good entrepreneur 5 years back, but in these 5 years he got over confident, had gone complacent hence the issue.

Moral of the story: In business we cannot afford to complacent or over confident. We are running business on some one else’s business so we need to be careful.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s