another big mistake. went all in on a race car drive line and transmission/transaxle company for the hobby enthusiast crowd just before the financial crisis. transmissions, transaxles, gears, axles, differentials, CV joints, suspension related parts, etc. lots of super freaking cool shit actually. race cars like this (formula atlantic and below that sprites and then all sorts of cars inbetween, some late model formula ford, all SCCA classes, etc...
Relates to my choice not to transfer to Dubai with a AMLAW top 15 firm at the time. jesus fucking christ we went all in, then went all in again on a manufacturing company, moved it from SF to Austin, ballsy move and lost EVERYTHING when the financial crisis hit. only reason we didn't declare bankruptcy was because the lawyers were too busy to take us I couldn't get any traction. ended up with a few equity deals right after that that allowed us to dig out of our mess but holy mother of god 2008 - 2014 was unbelievably difficult.
but success and failure is not a straight line, it's not linear, and our bounce back was quick from 2015 once I had the guaranty settlement amount paid off and started cashing in on what I had learned.
Never go all in, not in vegas, not with a bank, not with your fortunes, maybe with a girl (phrasing I get it) but even then, consequences and risks abound.