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Four Hard failures + 1 Fun Hobby = 10 Million Yearly

by dougp
14 replies
This is an awesome article about Michael Arrington, the founder of Tech Crunch: The Way I Work: Michael Arrington of TechCrunch

For those that don't know, Tech Crunch is a blog that monitors other web startups, particularly in the Silicon Valley. Whats interesting to note is that he previously failed at four other businesses, and he started this 10 million dollar company out of a hobby. He also shows the importance of having some hardcore reliable contacts. Cheers.

Doug
#failures #fun #hard #hobby #million #yearly
  • Profile picture of the author Brock Henry


    What's the old Japanese proverb?

    "Fall down seven times, stand up eight."

    Or good ole' Winston Churchill: "Never, never, never, never give up."

    Or the ol' faithful: "If at first you don't succeed, try, try again."

    There's a reason sayings like these become over-used...
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    • Profile picture of the author theory expert
      Banned
      Originally Posted by dougp View Post

      This is an awesome article about Michael Arrington, the founder of Tech Crunch: The Way I Work: Michael Arrington of TechCrunch


      For those that don't know, Tech Crunch is a blog that monitors other web startups, particularly in the Silicon Valley. Whats interesting to note is that he previously failed at four other businesses, and he started this 10 million dollar company out of a hobby. He also shows the importance of having some hardcore reliable contacts. Cheers.

      Doug
      Just Manic Enough: Seeking Perfect Entrepreneurs - Yahoo! Finance

      Originally Posted by Brock Henry View Post


      What's the old Japanese proverb?

      "Fall down seven times, stand up eight."
      I like that one. straight to the point.
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    • Profile picture of the author Lance K
      Originally Posted by Brock Henry View Post


      What's the old Japanese proverb?

      "Fall down seven times, stand up eight."

      Or good ole' Winston Churchill: "Never, never, never, never give up."

      Or the ol' faithful: "If at first you don't succeed, try, try again."

      There's a reason sayings like these become over-used...
      Over used?

      Maybe to those who throw in the towel.
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      • Profile picture of the author Brock Henry
        Originally Posted by Lance K View Post

        Over used?

        Maybe to those who throw in the towel.

        Indeed =) Those of us who refuse to give up love those "trite" phrases, don't we?
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  • Profile picture of the author MadameBusiness
    Awesome article - Don't want to give up now!
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    • Profile picture of the author inter123
      Very frank interview, sounds quite disorganized with late night, irregular sleeping patterns, etc. But then again, journalists are worse then sales and marketing folks when it comes to the truth.
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      • Profile picture of the author Kevin AKA Hubcap
        Originally Posted by inter123 View Post

        Very frank interview, sounds quite disorganized with late night, irregular sleeping patterns, etc. But then again, journalists are worse then sales and marketing folks when it comes to the truth.
        And politicians are worse than both.
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  • Profile picture of the author Firstrate
    Great find - thanks for sharing!
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  • Profile picture of the author Richnana
    I love the REAL rags to riches stories. this article is very inspiring. Some of the Internet Marketers have taken this bait and hyped it until it is unbelievable. How does a homeless person use the Internet? at the library?

    Great article. Thank you for sharing. One of Judge Judy's famous saying? How can you tell when an (Internet Marketer is lying)when his lips are moving or his pen is writing copy?

    Thanks for sharing
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    • Profile picture of the author Rod Cortez
      Originally Posted by Richnana View Post

      I love the REAL rags to riches stories. this article is very inspiring. Some of the Internet Marketers have taken this bait and hyped it until it is unbelievable. How does a homeless person use the Internet? at the library?

      Great article. Thank you for sharing. One of Judge Judy's famous saying? How can you tell when an (Internet Marketer is lying)when his lips are moving or his pen is writing copy?

      Thanks for sharing
      I know of three successful Warriors who were homeless at one time and used the computers at their local libraries extensively.

      RoD
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      • Profile picture of the author SDenham
        Originally Posted by Rod Cortez View Post

        I know of three successful Warriors who were homeless at one time and used the computers at their local libraries extensively.

        RoD
        Before it's all over with, I'll be one of those, as well. There was a time when I was effectively homeless, then went to staying on my sisters couch, and sleeping in my boss's RV (I drove Taxi's, and it was an hour drive to get to work and back, so I slept in the RV in Boss's back yard, used the internet from my phone and from the library)

        Now things are really starting to take off, and I'm starting to see the fruits of my labor, I can't wait for someone to ask me about my rags to riches story. (still working on the riches, but progress is being made!)

        I just realized, I'm one of those inspiring people. That's a jaw dropping thought. Cool. I didn't realize it until just now as I typed it out.
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  • Profile picture of the author Mohsin Rasool
    Hi Doug,

    Thanks for sharing this article.

    Many lessons to learn from his story.
    Specially how he discovered accidently that even he was away,
    his views and business kept growing due to the staff working on the business.

    Now think about it... if he was the only guy working on this project,
    and at that hard time, when got death threat, and got so much upset that
    had to quit for a month..... what if there was no staff... and no updates..

    Delegation is very important, any Warrior friend making good enough income,
    extra than monthly necessary income, should reinvest into business, and try to
    get at least one staff there to tackle day to day operations of the projects,
    so in case you have to take break, your business kept going with the staff member
    you have already trained...

    Thanks again Doug for sharing the link!
    Mohsin
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