My Biggest Mistake: Jessica Ruhfus, founder of Collabosaurus
Back in 2015, Jessica Ruhfus took a loan from a family member to get her brand collaboration platform Collabosaurus off the ground.
Some 18 months later, just as the business was starting to gain traction, that loan landed her in a pricey legal battle that almost cost her everything.
Today Collabosaurus is bootstrapped and profitable, and just launched its app. But Ruhfus still carries the lessons from that very early error.
It’s not that borrowing the money was a bad idea per se. Her biggest mistake was being all-too-casual about it.