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All I Ever Really Needed to Know I Learned in the Dot-Com Apocalypse
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Mon Feb 12 2001 at 14:25:25
Most of what I really need to know about how to
live
and what to do and how to be, I learned in the glory days of the late
`90s
.
Wisdom
was not at the top of a sound
business model
, but there in the VC playpen of a new industry.
These are the things I learned:
Spend
everything.
Work
like there's no tomorrow. Hire more people than you need. Create things now, let someone else worry about maintaining them. We're all in this
mess
together.
Acquire
what is not yet yours. Say you're sorry when you lay somebody off.
Venture capital
is for burning. Spend.
Buzzwords
are good for you. Penetrate a vertical.
Learn some and think some and draw and paint and sing and dance and play and work every day for around twelve hours.
Beer
is for lunch.
When you go for your
IPO
, watch for suckers' money, hold your breath and stick it to `em.
Be aware of
stock
prices. Remember the little seed in the plastic cup. The roots go down and the plant goes up and nobody really knows how or why, but somebody funded it.
Goldfish
and
hamsters
and
white mice
and even the little seed in the plastic cup--they all get acquired or file
Chapter 11
. So do we.
And then remember the made-for-television movie about
Gates
and
Jobs
and the first word you learned, the biggest word of all:
license
.
Everything you need to know is in there somewhere. The
market
and
greed
and basic
deception
.
Economy
and
office politics
and the insane squandering of
wealth
.
Think of what a better world it would be if we all--the whole world--had venture capital to burn and no sense of commercial
responsibility
whatsoever.
Or if we had a basic policy in our companies to always skin our investors and spread their remains all over the
internet
. And it is still true, no matter how old you are, when you go out into the market, it is better do it with
someone else's money
.
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