38 Studios Post-mortem

Boston Magazine had a sobering article about 38 Studio, the video game company started by Curt Schilling, the baseball player.  In a nutshell, the never-say-die, positive thinking which served him so well in sports doomed his company.

I passed the link to the prof who teaches the entrepreneurship course.  It might be required reading for sports stars.

The point is made that fame and expertise in one field does not presage business ability.  The article made clear that those in the trenches didn't now how dire things were until checks started bouncing.  In one of the tougher ramifications, one employee found himself with two mortgages, a pregnant wife, and no income.  (He was hired with the understanding that a firm hired by 38 Studios would arrange for the sale of his house.  When 38 Studios stopped paying the firm, the mortgage then became the employee's responsibility.)
All very sad.
http://www.bostonmagazine.com/articles/2012/07/38-studios-end-game/