After selling Kiko Calendar on eBay for about $4 million, we realized we wanted to continue pursuing startups, despite not keeping all the money from the sale.

We built Kiko Calendar, which was essentially a Google Calendar clone, but we struggled to stay focused on it and often shifted to other projects.

I've been an internet entrepreneur for the last 14 years since 2005, starting with Kiko, a calendar service that launched just before Google Calendar.

Our only significant failure was in China, where a partnership with Baidu did not work out, leading us to withdraw from the market after mutual agreement to shut down the business.

Many e-commerce companies raised large sums but failed due to poor customer acquisition strategies, which we aimed to avoid by focusing on profitability.

After Kiko, we launched Justin.tv, a live streaming platform where I wore a camera on my head to broadcast my life.

We initially tried offering photography services for customers, but nobody wanted to pay for it, which was a failure for us.

I didn't sell my story well to investors, which led to challenges in raising funds, but eventually, we built a strong case that made it hard for them to ignore us.

We initially started a company based on a bad idea, trying to create a wiki for stock research, but it never took off, which is common in consumer businesses where success can feel random.