I am not sure if it is harder or easier today to run a start-up?
Fifty years ago, if you were had a $1 billion market capitalization, you had 5,000 employees. Now you need 50.
It makes sense that those 4,500 forced to look in should be able to bitch and moan and offer suggestions.
It’s why talk radio mixed with sports has always been such a hit…with everyone BUT the athletes.
As blogging and now microblogging have grown, the armchair quarterback has evolved and mutated to something I call ‘The Armchair Entrepreneur’.
Most calls I handle about Stocktwits start with….so how will you make money?
Even my mom asks me. It’s why I had to block her.
There was no way you got asked those questions 20 years ago unless you were the bank.
When I thought I had a life, I was an armchair football coach, baseball manager, GM, referee,…you name it.
When I seriously ran my hedge fund as a daily profit and loss shop with more than one trader, I was an armchair trader. You think I am annoying now….yowza! I don’t think you can ever truly enjoy running a hedge fund so actually the web just makes it worse. No discussion. But I digress.
Today, the web entrepreneur is like a start athlete.
You are going to get feedback whether you like it or not.
There are at least 10,000 armchair Twitter CEO’s. Shit, if I was Twitter CEO I would have sold out $600 million ago to Facebook or floated a small IPO at the time, bought Bit.ly, Tweetdeck and Stocktwits and retired Howard Lindzon’s jersey. But alas, I can only blog about what I would do.
Interesting times…
You're sitting on a goldmine (StockTwits)…be patient :)
I agree on Twitter. They should have cashed out due to low revenue visibility.
I agree with William. Stocktwits = Gold. Amazing advertising potential on there.
yhanks micheal…bring me those ads ….!!!!
You’re sitting on a goldmine (StockTwits)…be patient :)
tell me more…
I agree on Twitter. They should have cashed out due to low revenue visibility.
I agree with William. Stocktwits = Gold. Amazing advertising potential on there.
yhanks micheal…bring me those ads ….!!!!
5,000 – 50 = 4,500?
I guess that's why you've got soren
hey dude…you are taking me out of context…. :)
so funny…great catch buddy. got me.
Ha! so true.
tell me more…
Today $1 billion can't buy you what it could 50 years ago. Nowadays there are dozens of small companies. The job security is non-existent, but the choice is wider. And hey, if you can't work in a progressive company that you like and think will grow tremendously, you can always find a way to invest in it.
5,000 – 50 = 4,500?
I guess that’s why you’ve got soren
hey dude…you are taking me out of context…. :)
so funny…great catch buddy. got me.
Today $1 billion can’t buy you what it could 50 years ago. Nowadays there are dozens of small companies. The job security is non-existent, but the choice is wider. And hey, if you can’t work in a progressive company that you like and think will grow tremendously, you can always find a way to invest in it.
Ha! so true.
Interesting stuff. I’m hoping to be starting several web and non-web based companies in the next coming years. read about it here I guess if you want to follow my journey : http://www.bromrector.com
Interesting stuff. I'm hoping to be starting several web and non-web based companies in the next coming years. read about it here I guess if you want to follow my journey : http://www.bromrector.com
I’d agree with WIlliam and others who think this is a goldmine… Since you asked (and even though you clearly berated Armchair CEOs) I figured I’d suggest that a sentiment aggregation tool, akin to FirstCall (bought by Thomson in the 80’s, i think) would be an interesting tool that might fetch some cash from investment professionals. The wisdom of crowds can be easily compared to the wisdom of analysts, or at least used as a peripheral data point. Advertising is also nice, but never forget the incredible value of market data.
we agree on data. we are figuring out ways to properly segregate.
on the armchair issue, i must not have made a good point because i beliee in
them. its fun, inevitable and since I was never an athlete, its cool to be
armchaired and thats why I blog.
h
I'd agree with WIlliam and others who think this is a goldmine… Since you asked (and even though you clearly berated Armchair CEOs) I figured I'd suggest that a sentiment aggregation tool, akin to FirstCall (bought by Thomson in the 80's, i think) would be an interesting tool that might fetch some cash from investment professionals. The wisdom of crowds can be easily compared to the wisdom of analysts, or at least used as a peripheral data point. Advertising is also nice, but never forget the incredible value of market data.
we agree on data. we are figuring out ways to properly segregate.
on the armchair issue, i must not have made a good point because i beliee in
them. its fun, inevitable and since I was never an athlete, its cool to be
armchaired and thats why I blog.
h
I'd agree with WIlliam and others who think this is a goldmine… Since you asked (and even though you clearly berated Armchair CEOs) I figured I'd suggest that a sentiment aggregation tool, akin to FirstCall (bought by Thomson in the 80's, i think) would be an interesting tool that might fetch some cash from investment professionals. The wisdom of crowds can be easily compared to the wisdom of analysts, or at least used as a peripheral data point. Advertising is also nice, but never forget the incredible value of market data.
we agree on data. we are figuring out ways to properly segregate.
on the armchair issue, i must not have made a good point because i beliee in
them. its fun, inevitable and since I was never an athlete, its cool to be
armchaired and thats why I blog.
h