Admitting failure is never easy, especially when you've ignored all sound advice, thrown caution into the wind and attempted the impossible without so much as a second thought. We all encounter failure everyday in our lives and not accepting it, or appreciating it, is a dangerous mistake to make. Those who do not recognise failure are poetically doomed to fail.
A few months ago I wrote a post about sticking through with my ideas and projects. I highlighted that I have often had a few half baked ideas and projects that have never come to fruition, but with Vueo I was determined to break that trend.
Vueo was more than just a company, it was a concept, it was supposed to be the blueprint of new media channels for the next five years. It was supposed to help revolutionise the way we consume and produce our media. To some extent Vueo still is some of those things, however at the end of March the decision was taken to close down Vueo Ltd and liquidate it. This process is still on going but Vueo has ended.
Vueo's inevitable closure is not an admission saying that the online television channel format doesn't work. I still have full faith in it. Instead I'm admitting that as far as Vueo is concerned we got way in over our heads and that our business model wasn't quite right. Where Vueo was concerned we attempted to launch with 5 fully produced and permanent programmes. The idea was to have 5 brand new episodes a week of fresh and interesting content, with a team of 3 this was near impossible. Despite having pre-recorded content months in advance and having a lot in our backlog, we just couldn't meet the turn around time. The stress of Vueo emotionally drained us all and took me, personally, to the point of a nervous breakdown. Trying to run TinyGrab at the same time and work on the 2.0 release, as well as Vueo and my degree, was just too much for my system to handle and something had to give.
This is a blog post that I started many months ago (back in March actually) I just haven't been able to bring myself to finish it off, until now. The recent release of new technology makes Vueo's closure even more upsetting, mainly due to the dream of independent channel content being able to come true. I still own the rights to the brand and some of the shows, so there is still some hope that sometime in the future I may be able to work on a relaunch. This will only be when I can find a financially viable model to support it though, my personal finances are dire and I can't afford a loss leader.
So many things have changed since September, so many things have changed since I wrote my original blog post on Vueo. I have grown in so many ways and developed even further as a business man and content creator. Thank you to all of the supporters I've had during these past few trying months. Sorry for the tears, the fights, the breakups and the immaturity that has been expressed at times. Vueo really was my baby and I baby I was with it.