Grant Ryan FounderGlobalBrain.net RealContacts SLI Systems YikeBike
Some thoughts on the difference between success and failure
Company A Company B• Multi-million $ licensing • After 3 years had grown to deal in US after just 11 35 people but then had to months make them all redundant• After 2 years sold for over • Lost 10s of millions of 50 million dollars of shareholder value – record loss 5.4 million loss in one day.
Company C Company D• Grew to have more unique • Within 3 years of starting all users than Trade Me in less 22 staff had to be let go than 12 months • Around 10 million of• Only NZ company to be venture capital investment listed as a Red Herring top lost 100 company in the US• Large offer from Google to buy in less than 2 years
Company E Company F• 3 people worked on a • Similar time and investment project for 28 months • Never got more than a few• Few hundred thousand thousand in sales investment $ turned into • Missed one of the biggest 45x cash exit value creation opportunities in history and all employees laid off