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Challenge - Spring/Summer 2012 - Tiffin University

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people bought PCs in the early 1980s. But unfortunately for<br />

Dan and Visicalc, Lotus created a superior product and put<br />

him out of business.”<br />

Bricklin’s theme for his talk was about the courage to<br />

take risks, Michel recalled. It was about taking chances in life.<br />

“And, in the fullness of time, that creating something that<br />

wouldn’t exist without your vision feeds the soul. Dan might<br />

not be the richest person in the world – but he changed the<br />

world. For him, it had been about meaning, not money. He<br />

had found success even in failure.”<br />

By 2001, Michel experienced his own taste of failure. He<br />

was the 31-year-old founder of his first company, Military.com,<br />

the social networking site for the military community that<br />

he described as Facebook meeting the Chicago Tribune for<br />

those who served our country.<br />

Military.com had grown by that time to nearly 100<br />

employees and raised almost $30 million in capital. “For an<br />

all-too brief period, we were dot-com darlings,” Michel said.<br />

“I had no idea what I was doing, but my experience at school<br />

had given me the confidence to go out there and try. I was<br />

flying high for the first six months but then it all fell apart.”<br />

When the Internet bubble burst in dramatic fashion, the<br />

company wasn’t able to raise more capital. Michel was forced<br />

to cut costs, and dramatically so. “We went from a hundred<br />

people down to 25. Military.com was losing a million dollars<br />

a month. Then things went from bad to worse. One of my<br />

board members called and asked me to resign so he could<br />

bring in ‘professional management.’ Within a few weeks, the<br />

new CEO showed up and basically asked me to stop coming<br />

to work. That hurt.”<br />

But the professional CEO the board hired didn’t succeed<br />

either. “After good advice from a friend, I proposed to the<br />

Commencement<br />

ClassScene<br />

SPRING / SUMMER <strong>2012</strong> | CHALLENGE | 7

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