16 karma · joined February 12, 2010
A truly bankrupt sense of self-worth would be refusing 15MM for a germ of a business. It’s one thing to entertain delusions of grandeur, but to rationalize it by concluding you’re an interchangeable cog who fell backward into a successful startup is disheartening. The rapacious quality you speak of would not preclude the acceptance of an exit; rather, it would fuel it.
Fortunately, it’s not, and he has successfully brought attention to his personal site, which, because of the content, is pleasantly ironic. My left-handed compliments to the chef.
One I fill with concepts (if they can be called that) I plan to test, and the other is for those I think are too early. The good ideas have kept me afloat; the bad ideas however, have led to great things.
Always write it down. Circling ideas are an omen you're mastering the science but not the art.
So I remain realistically optimistic. After a hem and haw, I’ve settled on believing that business with a capital B-for-billion is a much different animal with greater responsibility. But only in that their duty is to succeed for their shareholders, for their employees, and for their customers; in that order.
Taxes suck, life is short, and none of us ever feel that our share is spent wisely. Seeing a company do their homework to pay less shouldn’t feel any more like salt in a wound than meeting an octogenarian. If you knew that was your future, you’d play a similar game.
As a competitor to Facebook, they're sinking. But if social networking in this capacity turns, taking their medicine now for poor-sighted assumptions could make a so-so company poised to look smart in hindsight, should they right the ship.
I agree, there are major disadvantages to having this kind of link to old industry money too(being slow, hackneyed CEO culture, etc.) But, Murdoch is wily and buys talent.
I wouldn't bet against them; if for nothing else, their vehement protection of pride.
Instead of losing hair wondering why people are leaving in droves, they should reverse their attitude and kick people out.
They should go very narrow, maybe create a premium service priced to almost insult people, and and play up the privacy angle.
Or, be what Facebook was and probably should have stayed; an easy to use student-only network.
I also think it’s better for everyone involved if the structure is there to create a long-term relationship with the people we’re bringing together. The longer we can offer supplemental resources in the early throes of the startup the better, which lends itself to a membership model.
The obvious challenge will be in creating price tiers that are easiest for our members to accept. Having said that, we intend to price ourselves to attract only those who are truly prepared for the leap.