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The Venture Cafe
Oh, no, I thought. Not another one of these rags-to-riches, I've-got-mine and-so-now-I'm-going-to-rub-your-face-in-it type books.
Thanks, but I've had enough. And then I took a moment to actually read this thing.
Turns out that this Teresa Esser isn't even an entrepreneur -- she's the wife of an entrepreneur. So what business does she have trying to tell me how to start a company?
Esser watched her husband start an Ethernet telephone firm that was eventually sold to 3Com for $90 million. After the company was sold, she spent three years interviewing 150 entrepreneurs, venture capitalists, corporate lawyers and high-tech headhunters about how a person can start their own high-tech company.
She interviewed members of the MIT blackjack team, asking them what it was like to gamble with other people's money. That's what the high-tech entrepreneurs were doing, you know, when they were financing their businesses with venture capital.
A lot of these new companies wound up going out of business. But some of them did not. Some of the new companies ACTUALLY SUCCEEDED at creating wealth for their investors -- including their venture capitalists, which more often than not happen to be pension funds.
So, when these high-tech entrepreneurs succeed at solving a problem and creating a solution and getting the product to market, and achieving a liquidity event, they make money for their investors.
There are a lot of business authors who spend half of the book thanking their wives for putting up with their obnoxious behavior and the other half bragging about how great they are.
Teresa Esser doesn't brag, really. I have to say, I admired how candid Esser was when she was talking about serious problems, like the time her husband got burned out and had to leave his company.
This was obviously a very painful experience, but she lays it all on the line. Esser didn't have to go back and dredge up those repressed memories about what it was like when her husband was on the verge of losing control of the technical direction his company was taking, and freaked out and asked Esser to turn off the electricity so that they would have to prematurely end an annoying board meeting.
She didn't have to fly to White Plains, New York and convince the God of high-tech headhunting, Chuck Ramsey, to spill the beans on how exactly you convince an top-ranked executive to leave his job and join a high-tech startup.
But she did.She could have spent the past three years lying on the beach in the Bahamas, drinking pina coladas and putting on sunscreen. Instead, she schlepped around Boston's financial district, asking jaded venture capitalists how an unknown entrepreneur could increase her chances of obtaining venture capital financing.
You know, most of these dot-com brag books make me sick. But I have to say, this one made me laugh.
I liked the story about the rat. These two kids started a company out of a disgusting apartment in Philadelphia and they tried to have a formal business meeting with a director of new business development from a Wall Street financial firm, but it was hard because they had these twelve-inch rats.
When the director of new business development came to visit, they didn't even have any clean cups to serve him tap water in. That story was funny. They gave the director of new business development a dirty dinosaur cup that they had gotten free from Burger King. And then he left. And the guys tried to figure out what had gone wrong with the meeting.
I mean, okay, okay. It's hard to start a new company. But with a book like this, at least you know that you're not the only one going through hard times.
To go through your own hard times, you can from The Venture Cafe from bn.com Also, check out The Venture Cafe web site. Slashdot welcomes readers' book reviews -- to submit yours, read the book review guidelines, then hit the submission page.
To the CLIT.
You don't really have a choice.
The
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- Marco
Slow ass ACs
The
fp... rowtow.com is the shit, son!
If the review bores me close to death, what should I expect of the actual book?
"If there is one thing I can't stand, it's watching a bunch of rich, fat, overpaid, overhyped dot-con executives blathering on and on..."
:(
Are you saying you hate CowboyNeal?
you couldnt have posted the story about some artist getting a CD to be #1 while the CD was on the internet being downloaded by "pirates" i'm sure someone's submitted it in by now
yes!!!
See?
- Marco
CmdrTaco is gay!
But yins probably knew that already.
Diane Wilson speaks from her soapbox: As someone in another newsgroup said, it's troll season. For what it's worth...... We have two people here (at the moment, anyway) who have certain basic troll characteristics: They are unable or unwilling to take responsibility for their words or behavior. They are unable or unwilling to consider the possibility that they have brought a great deal of dislike upon themselves. I don't know for certain, but my feeling is that each of them is filled with self-hate, and is unable to face that issue. OK. I've dealt with self-haters before, and this is what you can expect: The only thing they can do with their venom is to flush it out on other people. As a result, everything they say about you is a reflection of their feelings about themselves. Because of their self-hate, there is nothing that you can say that is as bad as what they see in themselves. You can't hurt them, no matter how hard you try. The only thing that relieves their self-hate is to see other people in pain. If you let them get to you, that only encourages them. That's why they're here in the first place. The point is that flaming them hurts you more than it hurts them. What makes it worse--been here, seen this before, too--is that these trolls are insiders. Yes, they hurt, they're depressed, they are at least as far down as any of us. What that means is that they know all the right buttons to push to make us angry. They have no conscience that prevents them from pushing those buttons. That is the difference between them and us. They have turned abusive. Yes, that does make a difference. I've encountered some recovering abusers on the net, and I learned a few things from that experience. The one thing that sustains an abuser is denial; an abuser cannot allow hirself to be open to the slightest possibility that sie is harming another human being. They blame anyone and anything else in sight, but virtually all of that blame is directed at the victim, in one way or another. Abusers REFUSE to take responsibility for their behavior. In dealing with an abuser, particularly from a treatment perspective, the first and most important step is to break that denial. It is not only breaking the denial about hurting other people. It is essential to break the denial that they are not responsible for their behavior. They must learn that they have to take responsibility for everything that they do, and it is a hard lesson to teach. Until an abuser's denial is broken, it is dangerous to give them any sympathy. Sympathy gives them a way out, a way to avoid taking responsibility. Someone else made them the way they are; they're not responsible. This is utter garbage, and to give them this opening is truly a disservice. So. They are here to feed on our pain. We don't have to give them that satisfaction. They stay only as long as we feed them well. If we want them to go, all we have to do is to stop feeding them. The solution for trolls is in two parts. First, recognize and understand that they are here to hurt us. They way that they hurt us is to beat on us with their own rage. Recognize that everything they say about us is a reflection of their own self-hate. Even when they hit our triggers, it is their rage, their self-hatred that they are giving us. We don't have to let ourselves be hurt by the fact that they hate themselves. We don't have to accept that. We can let them drown in their self-hate, simply by ignoring them. And that is the second part. If you want a troll to go away, ignore her. When no one responds to them, they are left with their own venom. That is the last thing that a troll wants to have to deal with. Let us build an ASD zoo. Let us build cages, and put the appropriate names on those cages. Then let us put a sign in front of those cages: DO NOT FEED THE ANIMALS. Then, most importantly, let us not feed the animals. Killfile or ignore them, but do not respond to them, and do not accept their pain as your own.
it's watching a bunch of rich, fat, overpaid, overhyped
Until here I thought you were talking about union workers.
dot-con executives
Well, they are usually a waste, but you should calm down before you post something. I almost thought you were CmdrTaco.
Have you read my journal today?
Kind of reminds me of those cheesy kung fu movies you see at the video store with a description like:
- Don't miss the exciting last half hour, in which it is revealed that the brotherhood of Purple Shaolins was actually founded by Tsao Houxi!
- Make sure to watch the dramatic martial arts conclusion as Red Daggers Li at the last second defeats Black Dragon Xu!
Or my personal chrisd favorite:I mean, okay, okay. It's hard to start a new company. But with a book like this, at least you know that you're not the only one going through hard times.
And this "dramatic conclusion" ends with a Joe Pesci line--okay okay okay--that I would've recognized as terrible writing when I was nine. Hey Slashdot, since you're posting book review stories by the uneducated, can my little brother write one?
Have fun: Join D.N.A. (National Dyslexics Association)
Diane Wilson speaks from her soapbox:
As someone in another newsgroup said, it's troll season.
For what it's worth......
We have two people here (at the moment, anyway) who have certain basic troll characteristics:
They are unable or unwilling to take responsibility for their words or behavior.
They are unable or unwilling to consider the possibility that they have brought a great deal of dislike upon themselves.
I don't know for certain, but my feeling is that each of them is filled with self-hate, and is unable to face that issue.
OK.
I've dealt with self-haters before, and this is what you can expect:
The only thing they can do with their venom is to flush it out on other people. As a result, everything they say about you is a reflection of their feelings about themselves.
Because of their self-hate, there is nothing that you can say that is as bad as what they see in themselves. You can't hurt them, no matter how hard you try.
The only thing that relieves their self-hate is to see other people in pain. If you let them get to you, that only encourages them. That's why they're here in the first place.
The point is that flaming them hurts you more than it hurts them.
What makes it worse--been here, seen this before, too--is that these trolls are insiders. Yes, they hurt, they're depressed, they are at least as far down as any of us. What that means is that they know all the right buttons to push to make us angry. They have no conscience that prevents them from pushing those buttons.
That is the difference between them and us. They have turned abusive. Yes, that does make a difference. I've encountered some recovering abusers on the net, and I learned a few things from that experience. The one thing that sustains an abuser is denial; an abuser cannot allow hirself to be open to the slightest possibility that sie is harming another human being. They blame anyone and anything else in sight, but virtually all of that blame is directed at the victim, in one way or another. Abusers REFUSE to take responsibility for their behavior.
In dealing with an abuser, particularly from a treatment perspective, the first and most important step is to break that denial. It is not only breaking the denial about hurting other people. It is essential to break the denial that they are not responsible for their behavior. They must learn that they have to take responsibility for everything that they do, and it is a hard lesson to teach.
Until an abuser's denial is broken, it is dangerous to give them any sympathy. Sympathy gives them a way out, a way to avoid taking responsibility. Someone else made them the way they are; they're not responsible. This is utter garbage, and to give them this opening is truly a disservice.
So.
They are here to feed on our pain. We don't have to give them that satisfaction.
They stay only as long as we feed them well. If we want them to go, all we have to do is to stop feeding them.
The solution for trolls is in two parts. First, recognize and understand that they are here to hurt us. They way that they hurt us is to beat on us with their own rage. Recognize that everything they say about us is a reflection of their own self-hate. Even when they hit our triggers, it is their rage, their self-hatred that they are giving us. We don't have to let ourselves be hurt by the fact that they hate themselves. We don't have to accept that. We can let them drown in their self-hate, simply by ignoring them.
And that is the second part. If you want a troll to go away, ignore hir. When no one responds to them, they are left with their own venom. That is the last thing that a troll wants to have to deal with.
Let us build an ASD zoo. Let us build cages, and put the appropriate names on those cages. Then let us put a sign in front of those cages:
DO NOT FEED THE ANIMALS.
Then, most importantly, let us not feed the animals. Killfile or ignore them, but do not respond to them, and do not accept their pain as your own.
I know, that you know...
Ahh, I feel like a teenager already!
CALIFORNIA ROLLS
1 avocado, halved lengthwise, pitted, peeled and cut lengthwise into 1/8-inch slices
3 tablespoons fresh lemon juice
six 8 x 7-inch sheets of asakusa nori
3 cups vinegared rice
1 tablespoon wasabi powder, combined with 1 tablespoon cold water
2 frozen Alaskan king crab legs, thawed, shelled, and thick sections halved lengthwise, or 3/4 pound frozen Alaskan king crab meat, thawed and drained
For the sauce
1/4 cup soy sauce
2 tablespoons rice wine or scotch
In a small bowl toss the avocado gently with the lemon juice. Dry roast each sheet of asakusa nori over direct heat, holding it at opposite corners with tongs and waving it back and forth over the burner, for 30 seconds, or until it turns green.
Lay a dry sudare (a bamboo mat used for rolling sushi and other foods) on a work surface so that the slats run horizontally. Put a piece of the nori on the sudare with a long side facing you and with dampened hands spread 1/2 cups vinegared rice onto it, leaving a 1-inch border along the top edge. Spread a small bit of the wasabi paste horizontally across the center of the rice. (Use the wasabi paste sparingly as it is very hot.) Arrange 3 avocado slices overlapping slightly in a horizontal line over the wasabi paste and top them with one sixth of the crab meat. Grasp the edges of the nori and the mat from the side facing you, lift the nori and the mat slightly, and roll the nori evenly and tightly away from you, pressing down slightly with each quarter turn. Seal the roll with a drop of water on the far edge of the nori, press the seam closed, and transfer the roll to a cutting board. Make 5 more rolls in the same manner. With a serrated knife dipped in hot water trim the ends of the rolls and cut each roll crosswise into six 1-inch sections.
Make the sauce:
In a small serving bowl combine the soy sauce, the vinegar, and the rice wine.
Arrange the rolls cut side up decoratively on a platter and serve them with the sauce.
Makes 36 hors d'oeuvres.
"...a bunch of rich, fat, overpaid, overhyped dot-con executives blathering on and on about some "business lessons" they supposedly learned while they were out wasting millions of dollars of venture capitalists' money..."
Whether they learned something or not, they are apparently making more money than you are. Your opinions over their results... Hmmmm...
You need a FREE iPod Nano
If she could have then why didn't she? Obviously because she'd rather write a book and make more money.
Recipe troll, step out from behind thy veil of mystery and reveal to us what you actually are -- a lonely, confused homosexual whose only source of release are tired /. postings.
Do you wear an aprin and take it in the ass? Speak up, now, because inquiring minds want to know.
27 days until Slashdot gets delisted from NASDAQ
yeah how's that "Aprin" ? I think he meant aspirin. What do you expect from an AC ?
The
The VC firms usually made out pretty well on the dot-com's. When the dot-com went public at $410 per share, the VC cashed out. VC's, broker's, and investment banks made tons of money while the personal investor totally fleeced.
Of course, one might have suspected that something untoward was happening. If a company goes public at $14 a share and closes at $400, the company has been done a tremendous disservice by the VC and investment bank. The money is supposed to be going to capital for the company. The company shares should have been priced at $400. The company looses, and the investor looses. The VC, broker, and investment banker win! The VC wins by offloading a loser company at tremendous gains, the broker wins with commisions on a grossly overvalued stock, and the investment bank wins by taking a stock public and retaining lots of options at $14.
I had a difficult time understanding what this book "does" for the reader from this review. Is it simply a collection of stories of people who succeeded and those who didn't. Or does she provide some kind of analysis and state what she thinks were the important reasons for success?
I would be very interested if this book postulates some reasons (even though it must always be remembered that they are her opinions and not facts) but if it's just a collection of stories, then why should I buy this book? I can read all about the rediculous wastes that went on during the dot-com years in the newspaper. Or see that one documentary movie whose name I forget now (you know, it was that one where the filmakers planned on following the success story of a startup only to end up capturing the true story of a dream gone bad).
Hey, if anyone has some theories about what seperated the winners from the losers, please post a reply to this message. I'd be interested in hearing them. I was never involved in the dot-com bust (except via the stock market) so I really "missed out" on an important lesson here. And I'm not convienced that this book would help me out.
GMD
watch this
Now, we all know what Slashdot readers want to see ...
Grrrr
;-)
The drops of water don't know themselves to be a river; and yet the river flows.
``yeah how's that "Aprin" ? I think he meant aspirin. What do you expect from an AC ?''
While I could have taken the minute amount of time to look up the word on dict.org I choose simply to write as quickly as possible. Some of us have lives, you know -- like being at work to pay the bills.
Is it simply a collection of stories of people who succeeded and those who didn't. Or does she provide some kind of analysis and state what she thinks were the important reasons for success?
... if it's just a collection of stories, then why should I buy this book?
So you can get a few raw facts and draw your OWN conclusions about what works and what doesn't?
Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
Could we get some ^M's in there .. please??
"Champagne for my real friends - and real pain for my sham friends!" http://ericblade.postalboard.com/
Afixado pelo timothy em sexta-feira maio 31, @12:15PM
.
O vencedor Cruz escreve "se houver uma coisa que eu não posso estar, ele está prestando atenção a um grupo de rico, gordo, overpaid, overhyped os executivos do ponto-con que blathering em e em aproximadamente algumas" lições do negócio "aprenderam suposta quando desperdiçavam para fora milhões dos dólares do dinheiro de capitalistas de risco. Quando eu vim através do livro novo de Teresa Esser, "o café do risco: Os segredos, as estratégias, e as histórias dos empreendedores high-Tech de América, "I pensaram que estava indo ser que a mesma coisa mais uma vez." Lido sobre para a conclusão dramática!O Café Do Risco: Segredos, estratégias, e histórias dos empreendedores high-Tech de América
autor Teresa Esser
páginas 280
publisher Livros De Warner
avaliação 9 - lê como uma novela
revisor Vencedor Cruz
ISBN 0-446-52783-1
sumário clientes Non-non-fictional de esforços e de triunfos dos empreendedores
Oh, No., eu pensei. Não outro um destes pano-a -riches, I've-começ-mina que e-assim-agora-I'm-v-à-friccion-seu-cara-em- tipo registra.
Os agradecimentos, mas eu tivemos bastantes. E então eu fiz exame de um momento para ler realmente esta coisa.
Gira para fora desse este Teresa Esser não é uniforme um empreendedor -- é a esposa de um empreendedor. Assim que negócio tem tentar dizer-me como enfiar uma companhia?
Esser prestou atenção a seu marido enfiar uma firma do telefone do Ethernet que fosse vendida eventualmente a 3Com para $90 milhões. Depois que a companhia foi vendida, gastou três anos que entrevista 150 empreendedores, capitalistas de risco, advogados incorporados e headhunters high-tech sobre como uma pessoa pode enfiar sua própria companhia high-tech.
Entrevistou os membros da equipe do blackjack do MIT, perguntando lhes o que devia como gamble com dinheiro do pessoa. Aquele é o que os empreendedores high-tech faziam, você sabe, quando financiavam seus negócios com capital de risco.
Os muitos destas companhias novas ferem-se acima de sair do negócio. Mas alguma delas não . Algumas das companhias novas SUCEDERAM REALMENTE em criar a riqueza para seus investors -- including seus capitalistas de risco, que mais frequentemente do que para não acontecer ser fundos de pensão.
Assim, quando estes empreendedores high-tech sucedem em resolver um problema e em criar uma solução e em começar o produto introduzir no mercado, e conseguindo um evento do liquidity, fazem o dinheiro para seus investors.
Há uns muitos dos autores do negócio que gastam a metade do livro que agradece suas esposas para pôr acima com seu comportamento obnoxious e a outra metade que bragging sobre como grande são.
Teresa Esser não brag, realmente. Eu tenho que dizer, eu admirei como Esser candid era quando estava falando sobre problemas sérios, como o tempo onde seu marido começa queimado para fora e teve que deixar sua companhia.
Esta era obviamente uma experiência muito dolorosa, mas coloca-a toda na linha. Esser não teve que ir para trás e dredge acima daquelas memórias repressed sobre o que era como quando seu marido estava no verge de controle perdedor do sentido técnico sua companhia estava fazendo exame, e freaked para fora e pediu Esser para desligar a eletricidade de modo que tivessem que prematuramente terminar uma reunião de placa irritante.
Não teve que voar às planícies brancas, york novo e convencer o deus de headhunting high-tech, mandril Ramsey, para derramar os feijões em como exatamente você convence um executivo alto-espesso deixar seu trabalho e juntar uma partida high-tech.
Mas
Poderia ter gastado os três anos passados que encontram-se na praia nos Bahamas, coladas do pina beber e pondo sobre sunscreen. Instead, schlepped em torno do distrito financeiro de Boston, pedindo jaded capitalistas de risco como um empreendedor desconhecido poderia aumentar suas possibilidades de obter o financiamento de capital de risco.
Você sabe, a maioria dos estes ponto-COM brag livros fazem-me doente. Mas eu tenho que dizer, este fiz-me o riso.
Eu gostei da história sobre o rato. Estes dois miúdos enfiaram uma companhia fora de um apartamento repugnante em Filadélfia e tentaram ter uma reunião de negócio formal com um diretor do desenvolvimento de negócio novo de uma firma financeira de Wall Street, mas era duro porque tiveram estes ratos de doze-polegada.
Quando o diretor do desenvolvimento de negócio novo veio visitar, não tiveram mesmo nenhuns copos limpos para servir-lhe dentro à água da torneira. Essa história era engraçada. Deram ao diretor do desenvolvimento de negócio novo um o copo sujo do dinosaur que tinham começado livre do rei do hamburguer. E então saiu. E os guys tentaram figurar para fora de o que tinha ido erradamente com a reunião.
Eu significo, aprovado, aprovado. É duro enfiar uma companhia nova. Mas com um livro goste disto, ao menos você sabem que você não é único que atravessa épocas duras.
Para atravessar suas próprias épocas duras, você pode do café do risco de bn.com também, para verificar para fora do Web site do café do risco . Slashdot dá boas-vindas a revisões do livro dos leitores -- para submeter seu, leia os guidelines da revisão do livro , batem então a página da submissão .
A Special Recipe For AC Biatches
Ingredients:
1 c. water,1 c. flour, ½ c. butter, 3 eggs, pinch of sugar, 4 apples sliced, 1 c dried prunes, dash of granulated sugar, 5 tablespoons rat poison
Bring to boil water, butter, sugar. At boil, stir in flour.
Over low heat, continue to stir until able to form doughy ball. Into dough, mix egg mixture (well beaten) until ball is smooth.
Grease 9-inch pie tin.
Roll out pastry, lining bottom and sides of pan with pastry dough, clipping excess for pie top.
Add apple slices and prunes in hearty layers. It is best to soak prunes overnight in rat poison; generic hardware store variety will do quite well.
After spreading pears and prunes into shell, pour d lethal juice of marinated prunes over apple and prune contents. Juice adds extra flavor - and conceals taste of rat poison. (If sting of arsenic tartness remains, add extra tbsp of sugar for good measure.)
Cover pie with leftover dough in preheated oven for 45 minutes, checking occasionally. Top with granulated sugar while top crust is fresh from oven.
i think the whole dot.com bust was basically a self-fullfilling profecy. Industry observers, and anyone else who didn't get in on the dot.com boom because they thought it would come crashing down were looking for something to call a 'dot.com crash' in order to justify their not taking the risk and getting involved themselves.
So the first time the industry showed any signs of slowing down, they (newspaper writers included) said 'oh look, there's the bust, I told you it would happen. I knew I was right not getting into it.'
But what really happend? Sure some guys had to get real jobs, but their effort (and investor's dollars) were not wasted. They are like ants who drown themselves so that other ants can walk across the dead bodies to the food (analogies rule!).
So what separated the drowners from the walkers? Same things as always, innovation, practical thinking, communication skills and HARD WORK.
Thank you Dave Raggett
This sounds like a mixture of two of my least favourite CBC programs. Which wouldn't surprise me, knowing CBC executives.
"If there is one thing I can't stand, it's watching a bunch of rich, fat, overpaid, overhyped dot-con..."
..
... Case in point:7 -3.jpg
Did you mean ESR? I mean, he qualifies in all those
"..executives.."
Executive is one thing the man is not
http://tuxedo.org/~esr/graphics/raymond00
You were going to look up apron on dictionary.org ? Why not just log in ?
The
I wish I had some mod points left, lol. Well said!
Maxim: People cannot follow directions.
Increases in truth directly with the length of time spent explaining them
I repeat, Linux is dying.
How, you ask? Well today I plan on removing Linux from a 500 node beowolf cluster. This will serve as a significant blow to the linux install base.
Replacement, you ask? I plan on installing Windows 2000 on each node. Not only is it more secure, it is more stable and offers much better technical support.
Why, you ask? This is all because linux, while popular amongst the LBGT community, just isn't as stable as it is touted to be.
I officially declare today, "LINUX IS DYING!" day.
...book review stories by the uneducated?
Mmmm, this smells like a person with a pipi complex. Dude, grow up! This is not a technical review, just a general one about a novel like investment-related book. He took the time to read the book and then give us for free his take on it. Short and to the point, what else do you want for this type of book. Hey, Evert has been making a bundle of money for years doing much less reviewing movies and I don't see anyone calling him uneducated. I mean how do you know this guy doesn't have a PhD and/or a ton of working experience. I personally couldn't care less about his background, but it seems that a few folks with a big complex do. Okay, so from now on everyone has to state their educational background (as if it really matters here?!) starting with me...okay, I have a BSEE and an MS in Comp Sci + 10+ years of technical experience. Jee, maybe I don't make the grade to be writing this??! I'll try to complete my PhD next time...
Why hasn't the /. crew done something about these stupid page widening posts?
And why don't they show the story when you change the threshold? I upped the threshold to +1 and now the story disappears and I'm left with only the comments...
I just want to cry some more about the censorware project that michael simms has stolen from me. I know that no one actually cares, but I'm going to keep posting the crap anyway... Thank you for your time
What happened to the Censorware Project?
Of course, I doubt the author of that article can make that kind of judgement call as to their character.
You need a FREE iPod Nano
You can tell by the horrible spelling mistakes that this is Taco, posting AC. Have you no shame, Taco? Have you no shame?
C - A language that combines the speed of assembly with the ease of use of assembly.
Proof: Their stock price.
The real reason for the dot-com bust was revealed in yesterday's article:
No, the "disturbing behavioral trend" was not bad management or wasteful practices... but software piracy!
He looked at me and said, "Kid, we don't like your kind, and we're gonna send your fingerprints off to Washington."
Where the janitors earned $15.00 an hour to push a broom. I know intelligent people with college degrees who work longer hours at tough jobs for less money. Nurses, teachers, human resources, data entry... a big chunk of people employed in those sectors don't make that much money.
I worked for a union in rural Pennsylvania, and the low seniority guys were earning $9.50 an hour to not push a broom. The high seniority fellows that earned $13+/hour drove the equipment, while six or seven of the newer guys took turns using two shovels.
I'm not saying unions are all bad, and I'm definitely not saying this country would be better off without them. But believe it or not, some unions abuse employers just as badly as some employers used to abuse their workers.
I don't hate these rat bastards for having money. I hate them for thinking of the damn idea before me, so I could do it! They have a right to brag. The did something probably most people are completely unable to do, because of society. Mostly because of the nature of their gender, but on top of that the level of "virtual" balls they need to stand up and get knocked down a couple of times before getting it right. Go back to hacking on your keyboard, because obviously Vic, you won't be owning your own company any time soon because of the "no-balls" factor :)
the article lead in sentence had it right.
dont use VC if you prize you company, VC in
swahilli "means snake in the grass who deceives
and steals and slithers away to its next victim"
anyone using VC is committing business SUICIDE !!
i imagine that you haven't seen real executives very much, other than the beautiful people that the popular press likes to present. imagine warren buffet in shorts and a t-shirt. sexy huh? it's a damn shame that accomplishment is linked with slick speaking skills and a good body. one time i saw this extremely wealthy executive in bad shorts and a faded t-shirt on an old sear's ten-speed.
...did the kids with the rats and the Burger King cup get $5 million in VC money?? :) See, THAT would be a funny story. Granted, funny in sort of a "shoot me in the head now" type of way, but still funny.
www.HearMySoulSpeak.com
...in 1986. The title of his autobiographical book was, simply, "Lessons." "By" Dr. An Wang "and" Eugene Linden. Almost every chapter ended by saying "The lesson I learned from this was..."
Given the history of Wang Laboratories Inc. subsequent to 1986, a better title might have been "Lessens."
Working in a union environment means that it's harder to get rid of the poeple who don't work as hard as they should. It also removes alot of incentive to try and achieve more. Why work hard to get that raise if you're already guaranteed it in your union contract? There's a whole host of other issues that come up in typical union environments too. Someone has to pick up the slack when a union worker only does as much work as necissary for the union to keep him/her from getting fired. Sure, not all union workers do that, but it only takes a few.
Don't get me wrong, I think that unions are important. I also think they should be temporary. Workers should be allowed to organize to overcome an important problem, and then they should go away until the next 'unresolvable' issue. They shouldn't be allowed to stick around and engage in what is essentially racketeering. Companies should also be allowed to hire replacements for workers that are on strike, as long as the new workers are hired on the same terms that the strikers are protesting against.
And what is this mythical 40 hour work week you speak of? Don't you mean 80 hours?
In the early stages of planning an ISP biz about 7 years ago, my partner and I had organized a meeting at his place with our potential bank manager. He lived with 3 other people in a "soon to be condemned" building. We looked somewhat presentable, and the room was semi clean (roaches took a vacation) but I think we were a little concerned when one of his roommates arrived with an underage teenage girl under each arm, and noisily disappeared into his bedroom.
Needless to say we did'nt get that bank all fired up about our business plan.
Amazon.com has it much less expensive. Let's see... $17.47 from Amazon or $19.96 from B&N... Why is B&N always so much more expensive?
What happened to the Censorware Project?
Thanks for the review. This sounds like a book I definitely want to read. One small nitpick ... "achieving a liquidity event"??? Jeeez.
The real Seth Finkelstein has slashdot uid #90154
The name is also a subtle misspelling
My name is Seth Finkelstein, the troll is using the name is Seth Finkelstien
I did not post the above message in this thread. People may disagree with what I say, but I don't do totally off-topic posts such as the above. The above message was the act of an imposter.
The real Seth Finkelstein has slashdot uid #90154
The name is also a subtle misspelling
My name is Seth Finkelstein, the troll is using the name Seth Finkelstien
I did not post the above message in this thread.
Stupid CEOs who think up those 'grand' ideas are the ones to blame for the dotcom crash. Take the example from this book. The paperless train ticket system... Nifty idea with a lot of ridiculous barriers that make it impractical. Most trains tickets are purchased at the station with no security gates (yet) no baggage check in and the whole hoopla that goes with air travel. For that purpose the paper ticket is the natural obvious and efficient solution. But the enterpreneur in the book obviously doesn't see it that way. He's already obsessing about his vision without giving it some clear headed thought.
Your pizza just the way you ought to have it.
in other words screw who ever you can
to make a buck ? Huh, great morals.
In other words, the ends justify the means ?
Thats why so many people now have distrust of
stock brokers, bankers and accountants. They
finally found out that these snake oil salesman
have been stealing them blind while they sleep !
Sorry, but I fortunately have a conscious and
would never presume such as "your opinions over their results" -
I say, "their opinions over your results", Hmmmmmm
Plenty of successful CEO's have vision. Gates, Ellison, McNeely, Jobs, Eisner, Case, Dell.....etc. They all have grand visions and they're all successful. I think what is necessary is a capability to recognize that sometimes you are wrong.
Mac OS X and Windows XP working side by side to fight back the night.
Well, I had first impressions of the cafeteria at the local Venture, where you get an Icee, an old hot dog, and a pretzel.
What, you can't download mozilla and use it too?
No. Many union dues are excessively high and really give back very little. I once was in a union. The guilty shall remain nameless.
I had a grievance with the company and I couldn't get the union to give me 5 minutes. They were useless. Not only did they not help me, they weren't helping anyone. We were all underpaid, under-benefitted, workhorses in a respectable job. I'm working 40 hours at $10.50 and I didn't get any benefits, and to top it off my union dues were $46 monthly!
Oh yeah, and the union wasn't an option. Don't want the union? You must not want the job.
The existence of the union was merely a ploy to make new workers think they were being well taken care of. If someone sued, they could just say, "Hey, we have a union. Everyone's in it, and they haven't said anything.". It sucked because of the top union mediators were upper level management. How much freaking sense does that make?
You can't legislate goodness. Let each to his own destiny, by will of his freely made choices.
I'd like to see a good "where are they now" book covering the CEOs of disasterous startups.
I don't need a book for this... I know the secret recipe!
"Go to Menlo Park. Shake a tree. A venture capitalist will fall out.
Wave your hands and say these high-tech buz words.
"Online comerce. B2B. Wireless Internet!"
The VC will give you $4Million dollars.
Hire 20 people, publish lots of hype, stir for six months, and go public.
Your IPO stock will inflate rapidly, and you'll become Mozillionaires.
Your share is $30M dollars. Go to Menlo Park. Climb a tree.
Uma cabaca, um arame, um pedaco de pau!
Fly Fish? Participate in our forum
If you have a solid business idea, even rats won't keep investors away.
At DEC in the early days the hardware engineers worked during the day and ran all the rats into the programmers area, then, the programmers worked at night and ran the rats back over to the engineering area. They somehow managed to create a company that made $Billions a year of real money. Granted, they only lasted 40 years or so until they were bought by Compaq but some of the dot-bombs didn't last 40 days...
In otherwords you're reading a quite a bit into that comment. Did I say the ends justified the means? Did I advocate screwing people for a buck? I didn't even imply it.
.com businessmen are rich, greedy bastards with no soul or conscious. Yep, they're all Enron bastards.
In otherwords you're an angry little man who is taking things WAY out of context. What this artical, and you apparently, is implying is that all
Thanks, but I'll take their results over both of your stereotyping opinions anyday of the week. hell, you don't even know who these people are. Class racism. Fun stuff.
You need a FREE iPod Nano
Its amazing how little this quality exists in society. The success of a company depends on the number of managers with common sense outnumbering those without.
At this point, management can make decisions faster than logic.
To remind me why I rely on publications like the New York Review of Books for book criticism.
Timothy... please! Did you read it once or twice before you posted? Please, please tell me that you would have been able to tell how trite a review this was if you had.
Please.
Let's get some facts straight.
1. Janitors do not just push brooms.
2. 15.00 an hour is not enough for me to have to unclogged a public toilet.
3. Having to empty the garbage cans that end up getting filled with needles and other dangerous crap. Just to get it to the dumpster 15.00 isn't even close.
4. Having to paint the outside wall in the sun all day because you kid decided to show his spelling skills with a spray can. $15.00 doesn't begin to start to cover.
I have never been a janitor but I certainly appreciate what they have to put up with. And listening to people berate them and what they do shows how clueless people are.
Let me give you a clue here is a plunger. And if you think it is just like home unclogging a public toilet, why don't you volunteer.
Nurses and teachers may be the only ones on your list that deserve the high pay.
Remember this Dilbert, the one were Wally gets a bunch of money because he has a cool ponytail?
See Here
and
See Here
John
The drops of water don't know themselves to be a river; and yet the river flows.
Don't you know that the IPO initiate capital holder are not allow to cash out within 1 year of IPO? This obvious ruling prevent people do scorch and run with the money after IPO.