To date, I have been involved in 8 startups. Some were service businesses, some were product businesses, some stood alone, some were new businesses inside of existing businesses.
An overview of my startups to-date:
1 (the first) lost most of my net worth.
2 were marginal/break even (provided more learning than revenue).
5 provided income streams and refunded retirement accounts (1 of the 5 provided 4 investors a 10-fold return on their real estate investment in less than 3 years).
I am currently working on a few more startup concepts.
A favorite Will Rogers quote that fits my personal experience, “I’ve traveled a long way and some of the roads weren’t paved.”