I was just reading this posting and thought it might be of interest to some of our users here.
I'm always amazed by people who are willing to take big chances in the minuscule hope of making it big. We constantly hear about the successes but rarely about the failures so to have people lay it all out for us is a great gift.
Between 2007 and 2009 GameLayers made a multiplayer game across all the content of the internet. I was the CEO of GameLayers and one of the co-founders. Here I'll share stories and data from this online social game startup. This story covers prototyping, fund raising, company building, strategic shifting, winding down and moving on.
//I suppose part of why this train of thought interests me at the moment is that a friend of mine is jumping two feet into building a datacentre, I'm not sure how well it's going to turn out but I give him a ton of credit for putting his life and money on the line to do something that he believes in.
I'm also a little peeved that I was watching Dragon's Den last night and saw three university students come in and pitch a concept that I had worked out and rejected 3 years ago (EXACTLY the same web service) and get $200k in funding for it and EVERY dragon invested.\\