Investments Where You Can Influence the Outcome

“Every man gotta right to decide his own destiny.” –Bob Marley I recently read a blog post by venture capitalist Fred Wilson about how they focus on the company that they invest in, not necessarily the investment. One sentence really stuck out to me: Venture capital is one of those asset classes where you can […]

What to Do With the Money You Make From the Sale of Your Company

“Exits are the best part of being an entrepreneur or investor. It’s when we get financially rewarded for all of the creativity, hard work, investment and risk we put into our companies.” –Basil Peters When I finally inked my buydown from the company I co-founded, it was a surreal feeling. Over the next 3 years, […]

How Black Should Your Box Be?

“Why don’t they make the whole plane out of that black box stuff?” –Stephen Wright The last company I co-founded was based on open source software. For those of you who are not familiar with software, open source means that anyone can see the actual code that was written to make a given program. If […]

Bootstrapping Your Startup off a Credit Card is a BAD Idea

“Many have changed so much that they have lost the magic of the dream that carried them on their own bootstraps.” –Peter Abrahams 31% of entrepreneurs should never have started their companies. Impatience, misinformation, and delusion overcame these founders and convinced them to run full steam ahead with a bad idea. What was this bad […]

Get Rich (Somewhat) Quick

“Stop going for the easy buck and start producing something with your life. Create, instead of living off the buying and selling of others.” –Martin Sheen, Wall Street I was going to be a millionaire. That’s what I told myself. I had just read Electronic Day Traders’ Secrets by Friedfertig and West. I had opened […]

Do Startup Owners Ever Truly Take a Break?

“A vacation is what you take when you can no longer take what you’ve been taking.” –Earl Wilson It doesn’t take much reading on this blog or talking to me to discover that I am a big fan of Tim Ferriss’s book The 4-Hour Workweek. I remember browsing through the Barnes and Noble (before showrooming […]