How a Failed Startup Helped Mike Muhney Find a $47 Million Idea

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.

Success Quote

“Of all sad words of tongue or pen, the saddest are these, ‘It might have been.” — John Greenleaf Whittier
“Every attempt does not produce a hit, and every hit does not produce a home run. But every home run is the result of both an attempt and a hit.”