Zambia. We're opening operations. We hire a local CEO. We rent an office. We hire two operators. We're ONE DAY from launching.
The CEO has a realization: the parent company doesn't know what it's doing.
His solution: sue us for four hundred thousand dollars so HE can manage the company properly.
We hadn't made a single sale yet. We had an office and two people. He wanted $400k to "better manage" the operation.
The confidence. The audacity. The complete misunderstanding of what was happening.
We hired lawyers. Spent a quarter of our budget on legal fees. Eventually realized this was going to cost more than just cutting our losses.
We walked away. Zambia remains the one that got away. Or the bullet we dodged. Depends on the day.
What we learned: Some people see "investment" and think "that's all profit and it should be mine." Check for this BEFORE giving someone control of an entire country operation.