TIFU by getting into app development

Hey guys, today I effed up by investing in a local app that’s currently in development. A good friend of mine, let’s call him Richard Handpenis, has developed an aggregator for niche collectible valuation that helps ensure cash and collecti le trades are valued fairly. It’s very cool, and I’m lucky to have been given an opportunity to be a part of it.

He ran into the first of several relatively small, but significant, financial hurdles, and I offered to purchase 10 percent of his company at a starting valuation of 10,000 dollars (1k investment). This should get him past some development and marketing stoppages, and let him bring the app into availability within a week or so – all very exciting, if in a super boring manner.

We ran into some issues with cash app that meant my investment had to be broken up into smaller amounts, so after the initial deposit he requested number 2 under “invest 2”.

He didn’t, unfortunately, type invest, and instead put a “c” in exactly the wrong place. I didn’t much give a shit, made fun of him for being dumb, and then sent the money.

Exactly thirty seconds go by and my phone goes off with an absolutely (rightly) IRATE wife on the other hand. In the first place, and this really is where I’m an asshole, this wasn’t something I discussed with her beforehand. Without going into too much detail, I had the money in what’s essentially a petty cash account that I use for personal purchases, and while I should have still discussed this with her, I had not. This isn’t to say a thousand dollars wouldn’t hurt us to lose – it absolutely wouldn’t be great, but my incorrect thoughts were “meh, I’ll just go back to saving for a while and it won’t matter in the long run”. Definitely the wrong choice on my part. The second (well, third actually) issue is Richard’s name on cashapp is a commonly used Arabic term of endearment.

I.e. my wife saw a notification in our shared email from cash app that I was paying hundreds of dollars for “Invest 2” (but with a c where the v goes) to some random middle eastern person with absolutely no heads up whatsoever. It went… poorly for me.

TL;DR:

TIFU by investing in something without telling my wife, having the other party misspell the word “invest”, and his having an incredibly generic middle eastern cashtag.