In the late 90's, I remember talking to a guy at a company that was solving a similar kind of problem. I thought it would be almost impossible to solve and that even if they did solve it the payoff for their potential customers would be relatively small.
By the time I talked to this guy they had already raised something like $100 million dollars. When I mentioned that I thought their problem was impossible to solve he said "yeah, that's what we discovered too, so now we're winding down the business."
$100 million dollars on something I had doubts about in the first five minutes! And it's not like I'm some kind of computer genius. Anyone with a decent working knowledge of databases and analytics could have seen this.
By the time I talked to this guy they had already raised something like $100 million dollars. When I mentioned that I thought their problem was impossible to solve he said "yeah, that's what we discovered too, so now we're winding down the business."
$100 million dollars on something I had doubts about in the first five minutes! And it's not like I'm some kind of computer genius. Anyone with a decent working knowledge of databases and analytics could have seen this.