Do it Right Once. Then Blow It. Then Do it Again.
Cameron Reilly has a very honest podcast about TPN and funding that didnt come through. 12 years into online and I assume every deal will fail. That the product will not ship. That if its a success someone will screw me. If you build it, advertisers won't come. Something will not make it work. It's easier to take the money on the table than wait for the future payday.
But just once, I'd like to get it right. To prove to myself, that it can be done. Then blow it. Then do it again. It's bloody hard and while Richard Giles post Valley, may be excited in this podcast about changing the world, when you are looking down the barrel, its the last thing in the world you want to hear. Screw the World :)
But kudos to Cam for saying it. Often its more to do with internal misaligned objectives ("I'm rich" interchanged with "It will be easier now with resources") than it is with external people that dont come through with funding in 30 days. There never is the silver bullet. There is nothing but hard work. And if you co-opt enough of the right people and their resources into your hopefully right vision, and then execute faster, better and earlier than other people, then there may be a window you can parlay into the next stage of your life. As Cam said though, 99% of all new ventures fail. That's the economic reason why the 1% are so rewarded.
It's also the reason why it's such a great test of mettle, as is playing sport I imagine at the elite level. It's pretty much unfathomable what one needs to go through. The sacrifices. But for some, its a much better way of life, which is nothing but attempting to fulfill the little or lot each of us is given. Cliches like its a marathon not a sprint also come to mind. Go Cam.
On a similar tangent is Rocketboom (Joanne Colan's first vlog is up !) who is summed up brilliantly by Jeff Jarvis' mate Fred Graver who is ex MTV, current VH1 dude who writes the best (non)post on the topic thru BuzzMachine -
"Producers (myself included) make our living off of building a stage. We build it out of a concept, script, cameras, props, and actors… and hope and pray for an audience. At the very end of the equation (for most of us) there is money. (And rarely at the beginning… which is why Amanda and Andrew both get huge grace points in this story. It’s clear that two people who were overjoyed at splitting a forty thousand dollar check after months of work weren’t in it for the money.)"
But just once, I'd like to get it right. To prove to myself, that it can be done. Then blow it. Then do it again. It's bloody hard and while Richard Giles post Valley, may be excited in this podcast about changing the world, when you are looking down the barrel, its the last thing in the world you want to hear. Screw the World :)
But kudos to Cam for saying it. Often its more to do with internal misaligned objectives ("I'm rich" interchanged with "It will be easier now with resources") than it is with external people that dont come through with funding in 30 days. There never is the silver bullet. There is nothing but hard work. And if you co-opt enough of the right people and their resources into your hopefully right vision, and then execute faster, better and earlier than other people, then there may be a window you can parlay into the next stage of your life. As Cam said though, 99% of all new ventures fail. That's the economic reason why the 1% are so rewarded.
It's also the reason why it's such a great test of mettle, as is playing sport I imagine at the elite level. It's pretty much unfathomable what one needs to go through. The sacrifices. But for some, its a much better way of life, which is nothing but attempting to fulfill the little or lot each of us is given. Cliches like its a marathon not a sprint also come to mind. Go Cam.
On a similar tangent is Rocketboom (Joanne Colan's first vlog is up !) who is summed up brilliantly by Jeff Jarvis' mate Fred Graver who is ex MTV, current VH1 dude who writes the best (non)post on the topic thru BuzzMachine -
"Producers (myself included) make our living off of building a stage. We build it out of a concept, script, cameras, props, and actors… and hope and pray for an audience. At the very end of the equation (for most of us) there is money. (And rarely at the beginning… which is why Amanda and Andrew both get huge grace points in this story. It’s clear that two people who were overjoyed at splitting a forty thousand dollar check after months of work weren’t in it for the money.)"
posted by redbarren at 1:12 PM
2 Comments:
great post BB. You've done the yards (and you'll do some more). But you'll get there.
Hells yeah you will make it. The hedgefund and cash inflows always seem to be the main hinderance. Take for example myspace. Guys like us would be doing exactly what Murdoch is currently doing.
We obviously know that buy/sell features and add ons and rss advertising possibilities are limitless on the venture but we just havent made the half bill yet. Also keep in mind that not that many individuals are well versed and technicaly strong on the web. WE will all get our day for becoming self taught experts in a field and time where these types of skills and venture ideas are becoming more and more important.
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