The SaaS Podcast

How a Failed Startup Helped Mike Muhney Find a $47 Million Idea – with Mike Muhney [094]

Mike Muhney - VIPOrbit

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.”

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Omer Khan

Omer Khan is the founder of SaaS Club and the host of The SaaS Podcast. He helps entrepreneurs and companies to build, launch and grow great SaaS products & businesses. Learn more