InvestorsHub Logo
Followers 248
Posts 29707
Boards Moderated 1
Alias Born 03/07/2006

Re: parkwest14 post# 67517

Thursday, 07/24/2014 10:58:51 AM

Thursday, July 24, 2014 10:58:51 AM

Post# of 75391
I have a software company of my own, started in 2009. It's privately owned. Thought I'd have the software done in 6 months based on 26 years of software development. Nope. I had to write it and rewrite it 4 times. I'm on my 5th incarnation.

My office sat empty for 4 years with just me in it. Various people tried to jump in but with no profits and ability to pay them, they jumped out.

Finally got a customer in 2012, ran into an unexpected brick wall outside of my control and they bailed. Got a second customer in 2013, government shutdown spooked them and they held the contract for 6 months without signing as I worked to specialize the software for them, then I bailed. Here I am in 2014 half over, got a customer, and now a bank is trying to extort thousands of dollars from them for canceling a contract that they are already past, but it auto-renewed.

Lessons learned: It's a lot harder to start a software company than most people think it is.