07 Dec A False Start
One man had an idea for an innovative business venture and another had the capital.
They had a loose agreement that the inventor would devote himself full time to the project and the investor would fund it.
The inventor wound down an already successful business and started on the project. The funding dried up so the venture was incomplete and the inventor had no business.
The task was to quantify the inventor’s loss of income from his original business as he took time to rebuild it and the loss of income and potential sale value arising from the collapse of the project.