The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs Six Hard Lessons That Would Have Saved Me Years⏐Ep. #238
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Oct 24, 2025 Dive into the wild world of business blunders! Chris shares hard-won lessons, from why his No BS Crypto venture flopped due to external chaos, to the pitfalls of a costly merger that led to a tense lawsuit. He discusses shedding a toxic customer in his logistics business and the painful exclusion from a major investment deal. Plus, uncover the challenges of launching a Bitcoin mining venture at the wrong moment and how poor leadership decisions impacted his friendships. It’s a candid look at the tough side of entrepreneurship!
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Crypto Launch Hit By Market Cycle
- Chris launched a crypto project with John McAfee in 2018 and spent two years building community and tools.
- The token crashed with the market and the project failed despite substantial effort and learnings.
Avoid Businesses You Can't Control
- Avoid starting businesses where you lack control through equity or dependency on volatile markets.
- Seek ownership and stable demand before committing large time investments.
Partnership Dilution Cost Equity
- Chris sold parts of his Phone Restore business to partners quickly and later discovered dilution and lost promised 'mailbox money.'
- He sued, recovered equity to ~29%, and later exited with a $275k check after the buyer sold the business.