Peter Thiel makes a comment in his book Zero to One “If you have invented something new but you haven’t invented an effective way to sell it, you have a bad business – no matter how good the product” which got me thinking about crowdfunding. I was chatting with someone over the weekend who had sent me another invitation to a crowdfunding web portal that connects businesses with venture capital. As we got talking about it I found myself thinking back to Peter’s comment and realizing that crowdfunding might be working but has the market really bought it? Is it a niche opportunity that will always fill a void because the greater market isn’t sold on it? Do crowdfunding platforms have their work cut out for them before they become a mainstream competitor for capital? Continue reading “Crowdfunding is off to a good start but how will it end?”
That would be Marc Andreessen, Fred Wilson and Bill Gurley (if you don’t know who they are Google them). As venture capitalists’ they are seeing an environment amongst technology companies who have raised money and are burning through it because they have no understanding that money doesn’t grow on trees. While I am not in the venture capital business I see an amazing comparison to in my every day activities.
When Lisa and I applied for our first mortgage our interest rate was Continue reading “If Marc, Fred and Bill can talk about it – so can I”