At the end of the day, some may accuse me of being a scammer and claim that I rug-pulled the business, but the sad reality is that I did everything I possibly could to keep things afloat. I played the role of support representative on Twitter for weeks, handling issues one-on-one. I invested multiple six figures of my own money back into the company in an effort to sustain it.
Some prop firm CEOs might label me as inexperienced and merely an influencer. To clarify, I never sold courses or signals; I simply shared my trades on Twitter and offered psychology tips. When Funded Engineer launched, I had 12k followers. I have never been, nor am I now, an influencer.
The reality is that running a business generating $5-6 million a month in revenue, going through unplanned migrations twice, losing our back end without warning, fighting chargebacks, being shut out by our previous PSP whilst holding high 6 figure balance, and issuing refunds makes recovery extremely difficult.
When we returned to the market, our revenue was $2.5-3 million a month, but we still had traders from a revenue built on $5-6 million a month. Whether you’re A-booking all the "good traders" or not, it’s extremely hard to sustain this financially. Our eight months of reserves were wiped out in two months.
We then reinvested seven figures back into the business, on top of all profit generated by Funded Engineer. Every firm that faced our situation decided to quit instantly, but we chose to keep working and try everything possible.
I assure you all that I tried my very best to do right by our traders. Regrettably, despite my best efforts, things did not turn out as intended. I apologize to everyone affected. I truly put everything on the line for this, gave it my all and more, and fought daily to keep this company alive for the last five months.