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saved byBrian Dowling on 2008-01-10

  • The goal of entrepreneurship is not simply to find the next big thing to lure venture capital or make a mad dash to a public offering. It is to create a venture that creates income and wealth for the entrepreneur and allows the entrepreneur to pursue other goals in life through this economic activity, be it creating more jobs in a better place to work, offering a better product to the customer, or making the world a little better place. The goal of entrepreneurship should be to build a good business -- with legs -- that will help build this entrepreneurial economy.
  • So on this theme I offer you one of the funniest, albeit somewhat depressing due its truth, videos I have seen in a long time: Here Comes Another Bubble v1.1 - The Richter Scale via YouTube.

  • Jeff, this sures feels like another bubble. I spoke with a Web entrepreneur yesterday who is getting some good traction with his free add-on for blogs. When he mentioned that his investors were likening his product to the next Google and that it could be worth billions, I quickly ended the conversation. $50 million -- even that seems outlandish, but at least I can understand the logic of a sales price that is consistent with other sales of like Web products. But billions? What are these people thinking?



    Anita




    Birdied by:
    Anita Campbell |
    January 15, 2008 08:48 AM

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