I spent 2+ years using my overhead to rewrite our in-house web app mess from scratch. I was using our down time, so it was better than goofing around. The result was really good, and it is still sitting on the shelf 3+ years since I left the company. I don't think my replacement even knows how it works.

To this date my former boss claims we burned over a quarter million on it, but he won't acknowledge that the application was written during down time, not at the expense of billable work.

I also had projects that dried up right after launch. Not our problem, we delivered a full product, but the customer ran out of funds later, so my hard work is sitting idle.

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