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Ted lives in Durham, New Hampshire, USA, with his wife Margaret, children Jamie, Amelia, Anastasia, and dog Tyler. He consults and gives keynotes on Technology, Security, and Business. He loves flyfishing, ham radio, and great food and wine.

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Startup Follies, Part V

Things we did right:

The business made sense and we had a great business plan. I impressed on everyone that the business plan was primarily a marketing document, intended to help get financing, and everyone understood. It wasn't full of lies, but portrayed an "if everything goes right" scenario. Unfortunately, almost nothing went right!

Two of the principals were lawyers by training and very bright guys. They voluntarily took Java programming classes just to get some background and insight into what our troops did on a daily basis. I was impressed - they took Java for two semesters at night school!

One of our principals ran the offshore shop in Poland (we did offshore software development). He had been doing business in Poland for a while and knew what it took, and in Europe you need a permit to even go to the toilet!

Let's see, what else went right? Oh, our CEO's house burnt down, destroying everything including his laptop and *all* his clothes, but fortunately he and his kids escaped minutes before the house was entirely engulfed by flames! The house burning was bad but everyone getting out alright was fortunate.

The office was near good restaurants.

Looks like I'm starting to stretch looking for things that went right . . . .

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Most Internet users have been targeted by criminal phishing emails, yet less than one third have any idea what phishing is, and only 3.5% have changed their habits due to the threat of phishing!

Risks include Identity Theft, Credit Card fraud, and more.

Download Results (pdf)