Business Ideas

[BradyH]

I went down a weird rabbit hole while on the internet tonight. I found the website of the guy who created Automattic, which is the engine that drives websites like Wordpress and VaultPress. His name is Matt Mullenweg, and he was an angel investor until last year when he took over development of WordPress.

If anyone needs inspiration for being able to find a need, check out what Matt invested in. He's a man who saw a need before anyone else on the planet (or, at least, he acted on a need virtually no one else saw), so I'd consider his opinion to be very valuable.

My link shows all his investments and their current status: "RIP", "Sold", etc.

 

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[GoGetter24]

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[GoGetter24]

Awesome find.

But one thing that stands out about the WordPress guys is that they didn't really nail the value capture aspect.

Mullenweg, after cofounding WordPress (most common website platform on the whole internet), and doing all that Angel investing, is apparently only worth $40M. That's great money, but not relative to the money running through his creation.

So now he's still developing for the thing, and his co-founder lives in obscurity and still does WordPress training.

These guys certainly offer lessons to be learned.