Exit strategies...The Chatroulette disaster!

Unbelieveable to see how many people get overwhelmed by success and even frightened to cash in and exit a project.

Remember Chatroulette?

An unbelievably successful fad in my opinion. And guess what. The guy did not chash in and exit when it was about time to do so...

yes you are hearing right. How often did I talk with friends about it. We were imagining selling that thing off right after we saw the thing and the first naked freaks showing off body parts you did not expect to see.

A video filter would have fixed the stupid situation, but: with an awful lot of porn it was crystal clear that the unleashed beast would potentially scare investors (the good ones) off. And so it did.

So17 year old Andrey flew to New York, got offered millions, got scared and guess what. He did not sell, refused to take the offered bits and dimes and still runs it on his own. Ads cover costs he argues his wise strategy for growth. I just say, what a sad story...how can he feel ok with that?!

Andrey, you could have become a millionaire within a blink of an eye!

Maybe next time, the kid looks promising anyway. Lessons to be learned:

1. know your capabilities and potential to bring that thing to success.

2. Find the right people to make it fly.

3. If you see shit hitting the fan - run

Read the entire story on INC - How I did it. A good read for every once in while when you are getting bored of IT talk with Indians, or just need a good story to tell!

Please don't exit too late and enjoy or just start another project, there is so much interesting and promising stuff around nowadays...U have to LOVE browsing for other horses to bet on!

Cheers.