According to Wikipedia, a business is “owned and formed to earn profit to increase the wealth of owners.” When looking at a business my immediate concern is always trying to determine how much profit the business can create and how fast it can create it. If your firm is producing revenue I want to know who [...]
Entries from June 2008
Lets Make Some Money
June 25th, 2008 · 1 Comment
Tags: Venture Capital
Ben Needs Jerry
June 21st, 2008 · 6 Comments
At a recent board meeting a CEO explained why he, a man with strong business experience, needed a Jerry with strong industry domain knowledge added to the team ASAP. The other day I was talking to an aspiring entrepreneur in Houston about his revolutionary new ideas about marketing and suggested that before engaging with VCs he find his [...]
Tags: Entrepreneurship · Venture Capital
Coercive Social Networks
June 5th, 2008 · 1 Comment
The beauty of network effects is that once in place, its very hard to displace. For example, now that you and all of your friends are on facebook, its very hard to get you to switch to an arguably website because of the high costs of switching. It’s a pretty big chicken or the egg style [...]
Tags: Social Media