Hacker News Reader

website sure looks a lot like http://mootools.net

warstoryon How making money changed my perspective on startup ideas

Although he learned his lesson and that's the biggest thing to take away from this, his original mentality pretty much sums up why 75% (or whatever number it is nowadays) of startups fail.

The moral of this article is a pretty basic, common-sense parable. Not sure why the author had to fail to learn such rudimentary things as "no market = no business" and "no research = bad" but at least he learned his lesson.