[masraum]

Originally Posted by Zeke

New phrase, "nearly 100%." Just how close is that? In terms of something like cancer, that wouldn't do.

BWTM, I wonder what "non-conventional methods" are. Did your son hire 'Guido'?

Yeah, I know about the non classroom MBA. I once put $40K into an idea of mine in terms of inventing it, prototyping it, developing it and marketing it. While the product was viable I made a very modest living at it. That showed it could/would work. Then came the recession of '91-'92 and I just let go. I never saw a dime of my investment.

However, the lessons learned are priceless because I have no, none, ambition to try again to bring a product to market w/o an absolute excess in capital, something that never happens. 1 in a quarter million succeed and that's subjective.

My assumption is that bringing a new product to market and making money at it is like being a rock star or uber successful comedian or super successful actor. There are lots of comedians, rock bands and actors, but most of them don't end up being superstars.