Last modified: May 17 2012 20:09:13.
Quotes
"There are about 50 or 60 people in this room right now. About 4 to 5 of you will make 10 million dollars; one of you will probably make 100 million. The great thing about this room is that you're all feeling sorry for everyone else." Steve Blank presentation at WealthFront found on HN
"The first milestone in the success of a startup is getting the product out the door and the second being getting revenue." by orky56 found on: Hacker News
Head Lines
Making Money Tips
How to Make Money in 6 Easy Steps
Understanding the buyer is the key to being a strong seller
The Middleman Years~and learn that it's all about passion
How, and why, to charge real money for real products
There are different pathways to the same dollar
The true value of bootstrapping
A word about practicing
Stock Market
In an unprecedented move, the number of investors fearing a catastrophic stock market crash is rising even with the stock market at 2% year highs.
The unusual dislocation comes from two distinct reasons: a lack of trust in the U.S. financial markets following the so-called Flash Crash last May and the collapse of Lehman Brothers in 2007.
DOT.COM
Bubble trouble over sky-high internet values
"There are three basic tests for the new band of internet darlings: whether they have found a profitable revenue model; whether the markets they are creating will turn out to be big enough to support their valuations; and what impact competition will eventually have on constraining both their growth rates and profit margins."
Y Combinator founder: there is no tech bubble
"There isn't a budding tech bubble like the one that caused a recession in the early 2000s because companies today are better than they were in the 90s and 2000s, according to Y Combinator founder Paul Graham."
It's Not a Bubble, People; It's a Pyramid Scheme
'"It's almost the 2011 version of a private equity chain letter," says Cuban, who sold Broadcast.com to Yahoo in 1999 for $5.7 billion and went on to buy the the NBA's Dallas Mavericks.'
The Venture Capital World
Can Difficult be Good?
He then said, "sometimes we make money with brilliant people who are easy to get along with, most often we make money with brilliant people who are hard to get along with, but we rarely make money with normal people who are easy to get along with."
Fly on the Wall ~ When things start to stink
Our VC turned the process of getting acquired into a nightmare
Venture Capital Firm Warning Signs
"If they spend too much time speaking about themselves, their background, their portfolio, and not enough time getting to know you and your venture, beware."
Employment Issues
Point ~ Counter Point
"People usually consider making big decisions in terms of what they stand to lose or gain. But often times, the cost to consider is that of an opportunity not taken and a decision not made."
"The second sentence is even easier to deal with. There is no "one thing" that every passionate engineer cares about. Most likely passionate engineers do care about building and shipping products, but we also care about being healthy, having families, traveling and doing other human things that non-engineers also enjoy. Some people just cannot deal with the lifestyle of a startup for external reasons. Even if you decide to make all sacrifices because you really want to be involved in the building and shipping of a product, there are a few things you must know:"
Flies on the Wall
"The USA is not the best place to earn money. My own experience suggests that at least Japan, New Zealand, and Australia can all be better. This may be shocking, but young professionals with advanced degrees can earn more discretionary income as a receptionist or a bartender in the Australian outback than as, say, a software engineer in the USA."
Bootstrapping
"After all, it is the American dream to pursue our passions and opportunities. When making that big, professional life decision, however, unless you have an angel investor, venture capitalist, or some pre-recession style bank loans, you're likely bootstrapping your vision yourself."
Get a foot up on the experience with: 10 Secrets For Bootstrapping Your Business , and remember:
"There are a hundred roads to Rome; the important thing is to get there, not to use the same road."
Decision Help
"If you are new to negotiation, or feel it is an area where you can improve, check out these tips on precisely what not to say."
"I was asked by somebody recently in a private message on Quora about whether the individual should leave his comfortable job to become an entrepreneur. You would think the obvious thing I would tell somebody is, “yes, of course it’s a great idea.” You’d be surprised. I often advise against it. I really have to know somebody’s personal story and circumstances to know whether it is suitable for that person."
"Teaching entrepreneurship in middle school is an amazing achievement. But teaching it to young women is even better. Not all these girls will choose to be career professionals in a corporate world. But learning entrepreneurial thinking early can help regardless of your career choice, be it teacher, mother, doctor, lawyer or startup founder. They will forever know that starting a company is not something that only boys do, but was something they mastered in middle school."
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The Working World
New data on the rise of women
Out of the Box Opportunities
At today's close: -Dec 03 Last $1414.50 Twentyfive pounds of gold equal $565,800.00 Anyone want to go to Alaska?
Successful Profiles
Glass Half Full or Empty?
Update: 01/23/11
Business Optimism
Business Pessimism
Wishful Thinking
Update: 04/16/11
Human Interest
