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Apologies from my heart to BHW - 2012

Discussion in 'BlackHat Lounge' started by bornformoney, Dec 31, 2012.

  1. bornformoney

    bornformoney Senior Member

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    Hey BHW, Been a long time - What's up?

    It's the end of 2012 here, and I have a few things to vent about. I want to sum up all the troubles caused by me and my team throughout this year.

    Starting off with the apologies for two major disasters in this year, especially with a couple software launches that were supposed to be successful, but headed south.

    The youtube software - It began with a high expectation of making it very famous and successful. So, I have hired a few programmers who were supposedly 'the best' in their fields, and had them on a payroll for $100k+/year, but after investing $30k down the line into the development of the software, it took me to a dead end. The core functionality of the software was ok, and had the programmer updating it every now and then whenever there were changes made by youtube. Although it always lacked something more, a social area, so I hired another php programmer to add a few more things to it, such as a marketplace so that people can interact with each other. Right before the launch, everything was 'perfectly fine' according to everyone, and then there was the launch - an epic failure. The marketplace wasn't working and people weren't receiving the software after paying for it. Had hit up the programmer to look into it, and he was always "working on it", and it had "always worked for him".

    While this side of the story was already terrible, on the other hand, the lead programmer who had written the code - started giving away the software for free on a private forum, while I was trying to make a sale on it. In other words, he was directly competing with him and has destroyed the entire pricing point, and directly penetrated into my market share. During the same week, I ate up another loss of $200k in the CPA area, and was advised from the financial team to cut the overhead. Anyway, long story short, I asked the php guy to at least fix for what's been paid and he advised me to find a different programmer. What the fuck?

    Anyway, that whole project has been stalled. Positive side is that I have refunded every customer that purchased the software, regardless of the money back gaurantee terms.

    -------------

    Now the facebook project - This is another major disaster, not so much financially, but very much practically. The project had gone no where. The programmer was supposed to just plugin the GUI that I had sent and finish up the 'final touches' in just 2 weeks, but guess what, it has been 6 months now, and not one bit has been moved ever since. Same story, same bullshit. Had way too many people waiting on for it, and everyday passed with same fuckin crap. What's worse is that one of the mods have thought that I am selling it outside the BST and even gave me an infraction. Heh. That's what reality is like.

    Bottom line - That has gone no where either.


    ---------------

    Although I had these disasters, I bought one of my favourite cars - Maserati (in cash) (will post a different thread with pics).

    Moral of the story is - be very careful when hiring programmers. They can be very very sketchy. Never give up! Long Live IM.
     
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  2. Junkfood00

    Junkfood00 Elite Member

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    Well, that sucks dude.. But since you got a such car, I guess you are still ok and kicking. Just go on, everyone makes mistakes and loses money at some point in his life. Where did you pick those programmers? Sounds like you picked the wrong guys.
     
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  3. johnhunter

    johnhunter Regular Member

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    $100k for a youtube bot :confused: that's ridiculous, I have had private ones made for way WAY less than that, like $99k less.

    I find it hard to beleive that you can afford to lose $200k on a cpa deal and $30k on a youtube bot plus buy a maserati for cash when your business sense seems so lacking.
     
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  4. bornformoney

    bornformoney Senior Member

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    Yeah I know man, well the programmers have been recommended from a friend of mine...so kinda like inner connections, so I was out of the realm, and yes you are right - I didn't look at things in a business perspective. But that happened only upto a point where I just couldn't take anymore of it. Oh well.
     
  5. Beingakrant

    Beingakrant BANNED BANNED

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    When you face a huge loss, you come across 10 new methods to recover it. In simple words, you learn from your mistakes, and use that knowledge to make more money. I'm saying this based on my personal experience.

    Cheers :)
     
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  6. oblivion19

    oblivion19 Senior Member

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    Whenever you are taking such a huge risk, you have to be aware of the risks. Take this failure in your stride and do not repeat the same mistakes again. Don't keep lamenting over the money lost. It won't come back. But, be prepared to invest smartly in business from now on.

    Best of luck
     
  7. Chris22

    Chris22 Regular Member

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    Sounds like you need to start talking to better programmers..
     
  8. twitter.followers

    twitter.followers Elite Member

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    Didn't you checked the username? If you are still in doubt, maybe you should wait for his another thread coming up with the pics of the car.
     
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  9. nipunn12

    nipunn12 Regular Member

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    You need a goon to beat up some of these guys. Why don't you just get your cash back?
     
  10. Twitteralien

    Twitteralien Newbie

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    Without Mistake there is No success and thus the circumstances made you sharpend and careful.
     
  11. Duffers5000

    Duffers5000 Elite Member

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    I've been burned by programmers and developers too many times. Before I get any hate for that statement its just a fact they think like scientists or artists and not like businessmen, so are constantly making little changes that turn into 3 month delays while you pull your hair out in frustration.

    On a related sidenote I sold my Maserati last year and that was probably one of the most stable investments I made in that I bought in 18 months previous, kept the mileage pretty low and only spent out £700 on one major service. When I sold it I got my money back plus a small bit of profit. Try and do that with a new Ford....If you buy really nice cars at just the right time when they have reached that point x in depreciation they can hold their value for years.
     
  12. bornformoney

    bornformoney Senior Member

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    haha wow, we both have got some similar stories, except my maserati bill was thru the roof.

    I had a tire burst while I was doing 180kph and already spent $10k on tires and wheels (this was literally 2 days ago), and I got the car about 1 month ago. Lol, not sure what else I have to face in the future.
     
  13. HostStage

    HostStage Jr. VIP Jr. VIP Premium Member UnGagged Attendee

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    I'm really not concerned by your softwares at all, but i do appreciate the come clean thread and the state of mind you are in.

    Let the 2013 year be profitable and better for you.
     
  14. Duffers5000

    Duffers5000 Elite Member

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    I bought my car with a encyclopedia of service bills and had just been through a cam change....When you are buying stuff like this buy it off guys that had loads of dough to look after it but now need to liquidate some cash quick for investment/new business/divorce(usually divorce!)

    I've had enough Subarus/hondas/skylines etc over the years to drive into the ground so I took it easy in the masser, only going mad when I saw a long stretch of open road ahead of me....noise is too addictive a low gurgle that explodes into a high pitched scream.......I better shut up or I'll start looking in the classifieds again !
     
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  15. ferma231

    ferma231 Elite Member

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    That sucks big time,

    Also its hard to find reliable people who you can trust.

    make 2013 a better year :)
     
  16. Orbit143

    Orbit143 Senior Member

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    Well, trustworthy and loyal people who are also good in their field are the most important thing you need in business. If you don't have that you will almost certainly fail.
    But I wish you good luck in you next business ventures, I'm sure you learned a lot from those mistakes and the next time will be great.
     
  17. olystyle

    olystyle Regular Member

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    Depending on wich country you are from (and wich country the programmers are from) - you can protect yourself in the future with Non Disclosure Agreements... NDA give you a solid foundation to move to the court! (Did you consider to shitlist these programmers here on bhw?)

    Wow a Maserati - Awesome!! what model did you get? :D

    cheers olystyle
     
  18. illfounded21

    illfounded21 Senior Member

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    Fair Play.

    Fair Play 1) Coming clean with this thread, letting people know there were fuck-ups along the way- swallowing your pride is always tricky in business.

    Fair Play 2) For being able to buy a Maserati after such heavy financial blows. I really don't think I could bring myself to spend that much amount of $ after having those losses.
     
  19. bornformoney

    bornformoney Senior Member

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    All the business was done outside of BHW, so don't want to create any drama here haha.

    It's a 4-door, quattroporte.
     
  20. Sep77.

    Sep77. Junior Member

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    bornformoney, just out of curious, can I ask you where did you get those programmers? If any agency, freelance website or?

    Anyway, the shitty experience... but you know, it push you ahead.
     
    Last edited: Jan 1, 2013