Saturday, 14. May 2011 0:51
Well it turns out that starting a new company is actually quite difficult. Fortunately I’ve a good accountant – ask and I’ll give you his number – so sorting out the paperwork was a breeze, but getting the bank account was a bloody nightmare. We had to go from branch to branch to find someone who could help us – blah blah, all a bit boring. We finally got that sorted but -
We ended up having no work.
Matt was much cleverer than me, he had money saved up for this eventuality and you’ll probably agree that I was a bit of a dick piling into setting up a new company with no buffer at all. In fairness we had lined up a pile of work that didn’t come off and I could moan about that till the cows come home. I could also bore you to death about how we had great ideas and the plans to make them come to fruition.
But the main factor is that I didn’t have any money to keep out venture going. Matt was fantastic about me telling him that I had to abandon our plans, and we did have an agreement that if either of us needed to bail we could and should, but I still feel fantastically guilty that I encouraged him into going into business with me – a business that was going to fail if I couldn’t make enough money to keep things going at home.
Fortunately personally I’ve managed to pick up a great job working for a new company and the last I spoke to Matt he was doing really well working at ITV, but the most important thing to learn are from the mistakes I made. I’d love to work with Matt in the future. He is genuinely the best coder I’ve ever worked with and probably the smartest bloke I’ve ever know. Hopefully in the future we’ll work together again.