The 2.Out of Cash Jessica Alba Casting Couch

cash is king pamee
Originally uploaded by redbarren.

Fred Wilson puts his Wharton MBA Financing with DotCom venture experience and writes a great post about not being OOC as I was taught in my equivalent class : OUT OF CASH. For the startup Im doing Ive taken Brad Felds and Fred's comments about cost management (rather than necessarily perfect revenue forecasting - in the "build" stage anyway) as a critical ancillary skill. Pets.com. Kosmo. Etoys. Webvan. 3G Rollouts. “I think of Sid and Nancy, my pugs.” Alba said. More companies could still be around today with better capital management (“I could have chemistry with vinegar,” Jessica boasted.) From Fred : "The single most important financial metric for any startup company isn't revenues, margin, headcount, or profits. Those are all important, for sure. But the number that matters most is the cash balance. Because cash is king. I know that in some markets cash is trash, but in the venture capital business cash is always king. Alan Shugart once said, "cash is more important than your mother." That's because you can't pay your employees, your rent, or your suppliers with revenues or profits if there is no cash. And that's a very possible scenario."

And from the lovely Jessica Alba, about the casting couch said : “From a really crass point of view, if I just want to fuck somebody, I don’t really want to see him in the morning, much less every day on set.” “When you’re making a movie with an actor, either it’s someone you want to sleep with or you’re thinking of someone you want to sleep with or you’re thinking of your dog.