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Biggest financial mistake

Discussion in 'Mayberry Lounge' started by TSO, Jan 29, 2020.

  1. TSO Pink Belt Pink

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    Looking back on your life, what is the biggest financial blunder you've ever made?

    Here's mine: I was invited to a party where a bunch of guys were pitching their ideas for products and services looking for financial backing. I had been invited by a guy who had millions to invest while I had like 45k do was by far the little fish. One by one products were pitched and if anyone liked it they made deals, I didn't see a single product I could afford to meet the demands of, or outbidthe other investees except one.

    He only wanted 10k to get in as a 50% owner. He even approached me alone after the event had wound down and almost begged me to invest.

    What was the product I could have had half of simply for backing it with $10,000?

    MINECRAFT

    I bought a new sport bike the next day and gloated how smart I was to have not being dumb enough to invest in a game that wouldn't ever make money.

    So what are yours sherbros
     
  2. F1980 Green Belt

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    Bitcoin. They were giving 10,000 Bitcoins to every person who wanted them at the beginning. If you wanted more than 10,000, they would have given you more. That's $93 million in today's dollars.
     
  3. tehend West Coast Distributor Of Pain

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    Having kids.
     
  4. TheNinja Gold Belt

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    DUI and lawyer fees. $20k easily.
     
  5. TheOldMan Black Belt

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    ITT Technical Institute.
     
  6. Ying Li Yo mama

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    {<redford}
     
  7. A.A. Riggs Black By Demand

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    I made only $260.05 doing blow jobs.

    "Which one gave you a nickel?"

    All of them.
     
  8. Isa If you can read this, you are too close

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    MINECRAFT you say..
    Where you in Sweden?
    Also interesting how this differs from their own story.

    Mojang turned down millions from Sean Parker, but somehow your few dollars they begged for..
     
    Last edited: Jan 29, 2020
  9. TSO Pink Belt Pink

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    I could have posted that to start the thread. They gave away so many and I laughed at how dumb the idea was.
     
  10. TSO Pink Belt Pink

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    Nope, this was in LA. I'm sure in whatever video you watched they accounted for every single attempt and every meeting they went to. Not one second or trip was left out. You probably even know what they had for lunch every day.
     
  11. lifelessheap Gold Belt

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    This hurts me everyday. I was going to go all in with bitcoin when they were worth nothing, but decided to buy a house. Oh well, only a few hundred million difference.
     
  12. Ying Li Yo mama

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    How do you live with yourself?
    bork1}
     
  13. Isa If you can read this, you are too close

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    LOL..
    First of I spent 13 years in the gaming industry. Management /research positions.
    I was one of the first people outside Rovio to see Angry Birds.
    I know the people that made Candy Crush Saga a success.
    My former colleague started what became one of the top game developer schools in Northern Europe.
    I know investors that focus on games.
    I could go on.... But you should get the picture..

    And I know a lot of guys and girls that founded game companies.
    NOBODY in their right mind would give up 50% for 10K...

    Secondly Mojang had 3 founders.... All had full time job at the time.
    They also released Mindcraft as an alpha and made money from that.
    Investors came to them wanting to invest millions. They got turned down.

    And btw I have contacts that know Markus.
     
  14. TSO Pink Belt Pink

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    Cool story
     
  15. KONG-D'SNT-TAP Banned Banned

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    One time I had the chance to invest a lot of money into candy canes around Xmas time.
     
  16. RearNakedTokes Styrofoam Belt

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  17. moreorless87 Straba

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    [​IMG]
     
  18. Law Talkin’ Guy The Worm

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    Minecraft?

    You fucking liar. You know, you could have gone with something remotely believable, but instead you got greedy, and came up with this shit that only a dumbass would buy.

    Next time you might as well say the Fertittas were going to sell you half of Zuffa for $10k.
     
  19. Lubaolong A natural consequence of gamma radiation

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    Bitcoin is most obvious thing. I learned about it early and had probably $100k just sitting in my checking account not doing anything.

    In early WoW, I was making $10k a month off a small gold farming operation. I was pretty happy with my setup, but if I had gone to China, recruited a large number of farmers, and gone all in, I would have made much more.
     
  20. Isa If you can read this, you are too close

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    Mindcraft never took in a single investor IIRC.
    Also 10K for 50% of the company ?
    They turned down Sean Parker's several million dollars in 2009. Dude founded napster and invested in Facebook.
     

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