To: nickcarraway
I don't have horror stories this bad, but I worked at a small contracting firm that sold a lot of services to these clueless dot-coms ("selling shovels to gold-diggers", as my boss called it). The worst case I deal with was a company with no busienss plan and no revenue model getting $10 million in venture capital. The investor's first request: develop a business plan. Shouldn't that have been done before the investment?
These guys were also kiting checks to us while trying to secure funds...
25 posted on
03/22/2005 5:17:56 AM PST by
kevkrom
(If people are free to do as they wish, they are almost certain not to do as Utopian planners wish)
To: kevkrom; All
I had a job interview with a dot-com company that had it's own programming language.
37 posted on
03/22/2005 6:42:42 AM PST by
KevinDavis
(Let the meek inherit the Earth, the rest of us will explore the stars!)
To: kevkrom
The investor's first request: develop a business plan. Shouldn't that have been done before the investment? I see they adopted the Underpants Gnome Business Plan:
Step 1: Collect Underpants
Step 2:
Step 3: Profit!
52 posted on
03/22/2005 9:55:32 AM PST by
dfwgator
(It's sad that the news media treats Michael Jackson better than our military.)
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