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  • 3 years ago
094: How a Failed Startup Helped Mike Muhney Find a $47 Million Idea - with Mike Muhney

094: How a Failed Startup Helped Mike Muhney Find a $47 Million Idea - with Mike Muhney

Mike Muhney is the co-founder and CEO of VIPOrbit Software, a company focused on building great contact management products. Their flagship product, Vipor CRM is available on iOS & Mac platforms. The company was founded in 2010 and to date has raised over $4 million in funding.
In 1986, Mike co-founded a software business that eventually failed. And with only $15,000 remaining from an angel investment of $100,000, they had to come up with another idea or close down the business. The idea they came up with was ACT! Contact Management Software, which they eventually sold for $47 million.

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