The SaaS Podcast
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.
- “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.”
- “How to Be a Power Connector: The 5+50+100 Rule for Turning Your Business Network into Profits” by Judy Robinett
Links, Resources & People Mentioned
- VIPOrbit – @
- ACT! Contact Management Software
- Michael Jordan
- John Romero
- Charles Barkley
- Siebel Systems
Thank You For Listening!
If you enjoyed this podcast, then please consider sharing this using the social sharing buttons on this page.
Additionally, if you'd like to support this podcast, it would be really helpful if you would take a few minutes to leave a review on iTunes.
And don't forget to subscribe to the show on iTunes so you can receive automatic updates on new episodes.