March 12, 2006
money is real
[Bonus Link:] Newsweek interviews my favorite blog magnate, Jason Calacanis:
You’ve been through a boom and a bust. Are we in another bubble now?
It’s frothy. And I’ll tell you the thing that makes me nervous. When I hear entrepreneurs talk about how many more pages they have than another group, or how many more connections per user they have in their social network, that’s when I realize that they don’t have that strength to go farther. The scoreboard for me is always earnings. When I see people basing the scoreboard on something else, I realize that they’re not real entrepreneurs.
[NB:] The guy in the cartoon is NOT Jason, or meant to imply anything like that. Just so you know.
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Profit is sanity, everything else is vanity.
“The scoreboard for me is always earnings. When I see people basing the scoreboard on something else, I realize that they’re not real entrepreneurs.“
I’d edit with this. I think when people start basing the scoreboard on SOMEONE else then they aren’t real entrepreneurs.
However if you create some amazing then that counts for a lot.
The goal of an entrepreneur is to capitalize off of economic disequilibrium, but that doesn’t necessarily mean turning a profit on day one. Look how long it took Amazon to get into the black.