My personal HITS and MISSES (more of the latter…) …

Was the '60 Buick a HIT or a MISS?

The Zino Society, a Seattle based angel investment group holds a monthly meeting where new businesses in search of early round funding have a chance to pitch investors. These companies last night ranged from a Wine Superstore to an eHarmony service for real estate buyers.

It got me thinking about how often I’ve totally MISSED predicting the success of businesses:

MISS: Cell phones? Who needs a cell phone for $500 per month when there’s a phone booth on every street corner?

HIT: But I got cable correct when in the early ‘70s I realized it could dominate the business when it got to a reasonable level of penetration.

MISS: Porsche Cayenne. Who needs a 5,600 pound Porsche? I guess a lot of people.

MISS: Fast Forward, the TV show. This show was strong enough I even got my wife to skip The Bachelor. Love(d) it…but NBC has cancelled.

MISS: The Deepwater Gulf explosion – I thought that would be a short-lived crisis.

HIT: FM – even listening on my folks old Magnavox with the Tuning-Eye oscilloscope I could tell the fidelity was fabulous and stereo would be the killer app for the music crazy boomers.

HIT: World Wraps – couldn’t see that as a viable long term business. I was partly right.

MISS: Edward Bear – the song was “Down in Mexico’ and I hyped it to Number One at the station I was working (no payola, sorry) – it never made it past #68 on Billboard…but did get to #3 in Canada…so – ehh…I wasn’t too far off.

The point of this…? Keep swinging.

One Response

  1. Jackson, It’s always a treat to read your blog. Keep on swinging.

    Cris

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