tag:blogger.com,1999:blog-5592542.post115973262816949631..comments2024-03-18T17:28:44.693-07:00Comments on Rondam Ramblings: Top ten geek business mythsRonhttp://www.blogger.com/profile/11752242624438232184noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-5592542.post-1167218320080757442006-12-27T03:18:00.000-08:002006-12-27T03:18:00.000-08:00Hi"Reality: No one gives a damn about your idea un...Hi<BR/><BR/><I>"Reality: No one gives a damn about your idea until you actually succeed and by then it's too late."</I><BR/><BR/>I'll have to (partially) disagree with this one. It's not entirely false, but it's still missing something. <BR/>Most of the people wouldn't give a damn about your idea, but there are some that have a different way of thinking, the "I can do it better" way, and these theodorhttps://www.blogger.com/profile/09709143693591348959noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1165878635868292792006-12-11T15:10:00.000-08:002006-12-11T15:10:00.000-08:00I started a business in personal training a few ye...I started a business in personal training a few years ago. I don’t actually do personal training. I just started it for bragging rights. Immagine after 20 years of having my own business. Most businesses fail in the first 5 years. My business will last 30 easily, ahahahahahah!thomas4881https://www.blogger.com/profile/12337348235222023630noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1164641701357344812006-11-27T07:35:00.000-08:002006-11-27T07:35:00.000-08:00It's great. Would you mind me translate this topic...It's great. Would you mind me translate this topic into Chinese and publish it on my own blog with a link back?Anonymoushttps://www.blogger.com/profile/09760549308838407097noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1162282402914649992006-10-31T00:13:00.000-08:002006-10-31T00:13:00.000-08:00All good stuff. You are right about the idea being...All good stuff. You are right about the idea being the easy part. It is also the most fun. The adrenelin rush when you think you have something is like discovering gold. Cheap thrills, indeed, since nothing is gained or lost until the implementation begins, then execution and determination are everything. I've had hundreds of "hits" on the Eureka bong, but have yet to turn any of my ideas into Stevehttps://www.blogger.com/profile/16124022424874853626noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160579729625293902006-10-11T08:15:00.000-07:002006-10-11T08:15:00.000-07:00Great List! Thoroughly enjoyed it...Every passiona...Great List! Thoroughly enjoyed it...Every passionate web/programmer has aspirations of bringing their best new idea into fruition.Nikkihttps://www.blogger.com/profile/06706876950767556324noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160280360071007772006-10-07T21:06:00.000-07:002006-10-07T21:06:00.000-07:00When it comes to me picking a "bogus example" I ho...<I>When it comes to me picking a "bogus example" I honestly don't see why you have a problem with that example, as it doesn't matter if it works or not in real life</I><BR/><BR/>Of course it matters. Your thesis is:<BR/><BR/><I>If you're more "normal" and outside that field you'll have a very hard time understanding not only what they're doing, but also the implications of that work/discovery.</Ronhttps://www.blogger.com/profile/14719368822663798864noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160249189459117812006-10-07T12:26:00.000-07:002006-10-07T12:26:00.000-07:00Ron, I didn't think you were truly upset about tha...Ron, I didn't think you were truly upset about that, it was just a joke... personally I thought that would be more or less obvious even if I hadn't added a smiley, which I did... oh well.<BR/><BR/>When it comes to me picking a "bogus example" I honestly don't see why you have a problem with that example, as it doesn't matter if it works or not in real life as I've stated that it works in the Tonyhttps://www.blogger.com/profile/00036127941376428840noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160233125521387942006-10-07T07:58:00.000-07:002006-10-07T07:58:00.000-07:00you're just upset with me because I write too long...<I>you're just upset with me because I write too long comments, and because I had a little fun at your expense.</I><BR/><BR/>Your ESP lessons are serving you no better than your computer science training. I'm not upset with you, I just disagree with nearly everything you said. But I didn't (and don't) have time to write a detailed critique so I decided to just go for the low-lying fruit. You Ronhttps://www.blogger.com/profile/14719368822663798864noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160231248199548272006-10-07T07:27:00.000-07:002006-10-07T07:27:00.000-07:00This is not a particularly good example because yo...<I>This is not a particularly good example because you can easily prove that it's impossible.</I><BR/><BR/>Well, Ron, that might have had something to do with why I called it a fictional breakthrough and wrote "we do assume that it works"... not to mention that I targeted it towards "non-techie/math people" (implicit: those getting lost somehere around "signature-length").<BR/><BR/>But you knew Tonyhttps://www.blogger.com/profile/00036127941376428840noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160192834511966082006-10-06T20:47:00.000-07:002006-10-06T20:47:00.000-07:00With a 10% increase in signature-length the MD5-al...<I>With a 10% increase in signature-length the MD5-algorithm becomes collision-proof and fully reversible.</I><BR/><BR/>This is not a particularly good example because you can easily prove that it's impossible.Ronhttps://www.blogger.com/profile/14719368822663798864noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160173462350419262006-10-06T15:24:00.000-07:002006-10-06T15:24:00.000-07:00Kickass post right here. Very inspirational for yo...Kickass post right here. Very inspirational for young entrepreneurs like myself.<BR/><BR/>If you're in tech or internet stuff though, you just might not have competition because the field is so new and you develop your own branch of it...Bookworm SEOhttps://www.blogger.com/profile/03506902457521476055noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160141019521864962006-10-06T06:23:00.000-07:002006-10-06T06:23:00.000-07:00Just a quick comment for DrMagu...Start by going t...Just a quick comment for DrMagu...<BR/><BR/>Start by going to your old/current school's website and look for any information about helping people start businesses; for the past 10 or so years more or less all schools at university-level have focused more and more time and money on helping their students created businesses around the work they're doing.<BR/><BR/>Then drop by the business/Tonyhttps://www.blogger.com/profile/00036127941376428840noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160139788273712812006-10-06T06:03:00.000-07:002006-10-06T06:03:00.000-07:00But you can put a less-ironic spin on it and say[....<I>But you can put a less-ironic spin on it and say[...]</I><BR/><BR/>Although that maybe isn't the best example of it, I think that we can agree on one thing: Venture capitalists and those looking for venture capital are often speaking different languages.<BR/><BR/>Computer-geeks are often a lot like scientists (of the Einsteinian type); meaning that instead of saying "I saw a market need for a Tonyhttps://www.blogger.com/profile/00036127941376428840noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160091240863345272006-10-05T16:34:00.000-07:002006-10-05T16:34:00.000-07:00About Myth #9. Although I agree, I have a simple ...About Myth #9. Although I agree, I have a simple question: how do I get a 'team' -- without asking for & spending other people's money that is.<BR/><BR/>Although I have the handicap of having a PhD to overcome :) I have been around long enough to know & appreciate my strengths & weaknesses. Unfortunately, as a techno-geek (and a programmer at that) my relevant team building skills have been Dr Maguhttps://www.blogger.com/profile/05798027178485195847noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1160052853265870252006-10-05T05:54:00.000-07:002006-10-05T05:54:00.000-07:00Hit the nail on the head for the most part. I espe...Hit the nail on the head for the most part. I especially agree about the PhD myth. For me I think that extends to a college degree at all. I would be very hestitant to hire anyone without a college degree, but the greatest thing I got out of college was the journey, not the academics.Go Bucketheadhttps://www.blogger.com/profile/17538859536985842724noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159976757384324552006-10-04T08:45:00.000-07:002006-10-04T08:45:00.000-07:00a fledgling enterprise looking for venture capital...<I>a fledgling enterprise looking for venture capital is mainly of interest to a venture capitalist once it stops needing venture capital...?</I><BR/><BR/>It sounds like a catch-22 but it's actually not so far off the mark. But you can put a less-ironic spin on it and say that we're looking for businesses that <I>can make effective use</I> of capital, not ones that <I>need</I> capital (i.e. willRonhttps://www.blogger.com/profile/14719368822663798864noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159956413241970752006-10-04T03:06:00.000-07:002006-10-04T03:06:00.000-07:00Fair enough, Ron, I guess; but aren't we then basi...Fair enough, Ron, I guess; but aren't we then basically saying that by rule of thumb a fledgling enterprise looking for venture capital is mainly of interest to a venture capitalist once it stops needing venture capital...?<BR/><BR/>That might sound a tad bit pessimistic, so let's rephrase it like this:<BR/><BR/>Most people looking for venture capital want it to <B>create</B> a business, but mostTonyhttps://www.blogger.com/profile/00036127941376428840noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159926060083099022006-10-03T18:41:00.000-07:002006-10-03T18:41:00.000-07:00So where are you supposed to draw the line between...<I>So where are you supposed to draw the line between "I can do this" and "this is better handled by someone else"?</I><BR/><BR/>I never said that $5M wouldn't do you any good, I just said you don't <I>need</I> it.Ronhttps://www.blogger.com/profile/14719368822663798864noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159926059943532932006-10-03T18:40:00.000-07:002006-10-03T18:40:00.000-07:00So where are you supposed to draw the line between...<I>So where are you supposed to draw the line between "I can do this" and "this is better handled by someone else"?</I><BR/><BR/>I never said that $5M wouldn't do you any good, I just said you don't <I>need</I> it.Ronhttps://www.blogger.com/profile/14719368822663798864noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159917161611566512006-10-03T16:12:00.000-07:002006-10-03T16:12:00.000-07:00Myth #8: I need $5 million to start my businessSo ...<B>Myth #8: I need $5 million to start my business</B><BR/><BR/>So where are you supposed to draw the line between "I can do this" and "this is better handled by someone else"?<BR/><BR/>I've met many people faced with the problem that they're simply missing one or a few people on their team; but when they go to the average VC-person they're told that it's better that they take 3-4 times as long Tonyhttps://www.blogger.com/profile/00036127941376428840noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159917075360792382006-10-03T16:11:00.000-07:002006-10-03T16:11:00.000-07:00Great post ! So great that I had (approximately) t...<B>Great post !</B> So great that I had (approximately) translated it in french : <A HREF="http://www.numabilis.com/blog/2006-10-04-les_dix_principaux_mythes_du_geek_entrepreneur" REL="nofollow">Les dix principaux mythes du <I>geek</I> entrepreneur</A>.Davidhttps://www.blogger.com/profile/12096677265894224511noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159897002445340982006-10-03T10:36:00.000-07:002006-10-03T10:36:00.000-07:00Excellent post- it's rare to find so many pearls o...Excellent post- it's rare to find so many pearls of wisdom in the same place at the same time...Basilhttps://www.blogger.com/profile/05768081023525771460noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159886098684822512006-10-03T07:34:00.000-07:002006-10-03T07:34:00.000-07:00In conjunction with the "it's not what you know bu...In conjunction with the "it's not what you know but who you know" idea, there's also a prevalence of entrepreneurs who are good at things to think that if they are _able_ to do something, they can do it _well enough_. For instance, I know how to make pretty brochures and stuff but I couldn't successfully market a scuba tank to a drowning man -- that is, I am _able_ to do something that is like Jayce from Rochesterhttps://www.blogger.com/profile/05766605787783546357noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159883916595710842006-10-03T06:58:00.000-07:002006-10-03T06:58:00.000-07:00That was some good stuff. I'm in the process of s...That was some good stuff. I'm in the process of starting a business and I hope to review these every now and then to stay (or get back on) track. <BR/>Also, because my company IdeaTango.com employs a unique business model for an online site to buy, sell, and exchange invention ideas, patents, and other intellectual property, I'm always afraid that someone might come along and steal it. This daiglehttps://www.blogger.com/profile/07367950941406716086noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-1159879897761298752006-10-03T05:51:00.000-07:002006-10-03T05:51:00.000-07:00Great post. An interesting phenomenon to watch is...Great post. <BR/><BR/>An interesting phenomenon to watch is those who do well in school but must struggle in the real world and those who struggle or even fail in school and then become a success in business. <BR/><BR/>PhD's are important. In any big business, you need someone to mouth authoritative babble.scout29chttps://www.blogger.com/profile/14727192295708853643noreply@blogger.com