Investing market collapsed in 2001 Funding ran out in 2002 Ran on sweat equity for 4 more years Never Ending Legal Troubles SEC letter Interoperability lawsuit LOI lawsuit Breach lawsuit
Currently operating at break even. Measurement:
Notes:
On December 2006, a singularity occurred for us, which changed
everything. As you can see from the graph, our revenue is now
following proverbial hockey stick. The handle happened to be laying
on the ground, and the blade is sticking up in the air -- unlike
what most entrepreneurs expect is with the blade on the ground and
the handle in the air.
The singularity was the result of getting access to the only marketing channel
that exists for investement clubs:
BetterInvesting
a non-profit dedicated to investor education. It's a long story
as to why they shut us out for 8 years, suffice it to say that
it took an investigation by the Senate Finance Committee to cause
BetterInvesting to change into being a more open and responsible
non-profit. And, now, unfortunately, they are suing us for breach
of contract after buying our (sole) competitor in June, 2009.
No one, least of all me, could have predicted when or even if
BetterInvesting would allow us to exhibit, give talks, and advertise
our investment club accounting service to its members. This turned
out to be a great thing for our software, because we had many
years to improve its quality before being hit by the deluge as
represented in the above graph.
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