Just read the October issue of Business 2.0. Its cover says "The New Road to Riches: How to get ahead in a postbubble world: Build a company. Flip it fast. Repeat."
Flip it fast looks like wishful thinking: It is rather obvious to me that everybody dreams of meeting the nice guy who gonna put $ x millions on the table to buy one's start-up just after a few months of existence. More seriously the notion of "flipping it fast" shall not come as the ultimate objective but as some kind of litmus test whereby you try to figure out whether what you work like a dog for makes sense or is just condemned to failure. This is one of the many benchmarks that call you back to reality. Again can't be an objective per se: As John Kay has it "goals are most likely to be achieved when pursued indirectly."
In any case, here is what Business 2.0 has to say about "The Rules of the New Road":
1. Get Real: Don't obsess on creating a revolutionary....the next Microsoft
2. Go Cheap: Buy used computers etc....
3. Forget the VCs: They're still stingy these days... (wonder what Marc Goldberg would say...)
4. Spread the Word: Milk contacts...
5. Know when to fold'em: in a nutshell 2 years...
Sounds like old wine in new bottles to me. I am not sure this road is that new.
Well, as the saying goes, as long as there is hope....and luck....and....
Forget the VCs: They're still stingy these days...
.... Hum
where should i start
1) not every business should be VC funded
2) should should put as litle money as need in a business, not more, stingy is good
3) we (VC) invest in business to build, not in business to be flipped (even if we all dream of quick exit at night)
marc.
Posted by: Marc Goldberg | October 28, 2004 at 11:34 PM