"Then the market shifted. Suddenly my father was stuck holding quantities he couldn't move. "
Excellent story. The above statement shows why people who have only been in business for a short time, and specifically only in tech, have no long term view of how quickly someone can be on top and then "poof". I have heard over the years many stories like that spanning many different businesses.
I have a friend whose father in law is a "garmento". Runs a big factory and imports things from the Dominican Republic, Asia, China etc. Lately he told me of the problems they are having just as a result of there being less department stores than there were 5 years ago. This was a business that did really well for many many years. All the sudden a formula that worked doesn't work anymore. And these people were on the top of the world for so many years.
Excellent story. The above statement shows why people who have only been in business for a short time, and specifically only in tech, have no long term view of how quickly someone can be on top and then "poof". I have heard over the years many stories like that spanning many different businesses.
I have a friend whose father in law is a "garmento". Runs a big factory and imports things from the Dominican Republic, Asia, China etc. Lately he told me of the problems they are having just as a result of there being less department stores than there were 5 years ago. This was a business that did really well for many many years. All the sudden a formula that worked doesn't work anymore. And these people were on the top of the world for so many years.