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My Uncle Lost $14M by Treating His Business Like His 'Baby' — Here's the Lesson Every Founder Needs to Learn

Tom Gledhill

created: July 18, 2025, 6 p.m. | updated: July 21, 2025, 9:56 a.m.

When I was growing up, my parents were in the hotel business. So much for the hotel business! My uncle as my mentorMy mother's brother, Uncle Ken, had a very successful paper distribution business. When I graduated college and moved to Boston, I decided that I needed a business mentor if I was ever going to pursue my own business. My dad died when I was young, and my mother never talked business with me — so Uncle Ken was the answer.

3 months, 2 weeks ago: Entrepreneur