Peter Saddington – I Got Fired From My Own Company

<p><strong>BIO: </strong>Peter Saddington is a software developer, a multi-founder, an author, and a VC. He founded a $2.5M BTC mining fund, a $10M IoT fund, and a$50M Web3 fund in 2022.</p><p><strong>STORY:</strong> Peter hired an engineer who had impeccable technical skills. Peter was so impressed by the guy that he decided to make him the CEO of his startup. Six months later, the guy fired Peter from his own company.</p><p><strong>LEARNING:</strong> It takes more than technical skills to be a leader. A leader needs to be a person that can be led and can lead others.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“The number one most important skill, I believe, in any type of investment, is are you willing to ask every single question possible?”</strong></blockquote><blockquote class="ql-align-center">Peter Saddington</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/petersaddington/" rel="noopener noreferrer" target="_blank"><strong>Peter Saddington</strong></a> is a software developer, a multi-founder, an author, and a VC. He founded a $2.5M BTC mining fund, a $10M IoT fund, and a$50M Web3 fund in 2022. He published three books - Scrum, Agile, and PersonalBranding. He writes “The Agile VC” newsletter, which covers Inside Startups, Venture Capital, and life!</p><h2>Worst investment ever</h2><p>Over a decade ago, Peter built a great startup and bootstrapped it out of his garage. This was a passion project of his. At the time, the digital currencies were growing. Interestingly, there were all these silos of exchanges and no ability to create arbitrage opportunities between multiple exchanges. As an engineer, Peter thought this was an absolutely fantastic proposition of becoming a middleware solution provider so that traders and investors could trade across platforms and multiple exchanges and find opportunities for liquidity.</p><p>Peter started building it. He put together a team and bootstrapped it with his own money. Eventually, over many validations, his comm