January 08, 2002

So you wanna be a high-tech entrepreneur?

So you wanna be a hi-tech entrepreneur? Oy, it's a huge pain in the ass. First off, you've got to come up with the idea. Then you've got to bring together the team. You communicate the idea with the team, and you iterate, iterate, iterate. Then you come up with the business plan and its close cousin, the presentation (or preso, as we like to call it). Think you're doing well? Ha! You're not even started. You've got to get the lawyers and if you're lucky, they'll work at a discount, or even defer fees until you get funded. Then you've got to work on the pitch, which i everything. You've got to display a clear, concise story about the idea, but this time tailoring it to whomever you're talking with, be they customers, investors, potential employees or vendors. After all, this is all about creating something from nothing which is scratch-your-head-silly, if you really sit down and think about it. Someone was talking on a financial radio show today, and they asked, "Everyone's talking about this loss of wealth in the past few years, and before that they were talking about all of this wealth that was created during the thriving economy. Where did all that wealth go? Whose mattresses are bulging?" Well, that's just another way of looking at the fact that the best entrepreneurs create something from nothing. Forget all this bullshit about "increased productivity this", and "lowered costs that", and "more efficient that-other-thing". The most amazing thing is that wealth gets created when someone, through hard work, a good idea, and a lot of bullshit, actually pulls a rabbit from out of his ass. This rant begs the question, "so where did all that wealth go in the last 12 months?" Why, the rabbits crawled right back up into a whole lot of asses. Posted by dsifry at January 8, 2002 02:12 AM | View blog reactions