Quote:
Originally Posted by SmootSmack
I co-started a media company a few years ago and I learned two key lessons
1. Good friends don't necessarily make good business partners
2. Bad business can ruin good friendships
In spite of that though, I was able to get the company to the point that we were having serious discussions with a similar company to merge and I would stay in a managerial/ownership role. But as those talks lingered ESPN came calling and I took that opportunity...a couple of years later that company was bought by ESPN for a few million dollars. Yay me...sigh
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I tried a small biz venture with a friend a few years ago and it fizzled out before it could strain our friendship too badly. I will definitely think twice before going that route again.