Dont Be Fooled By The Few Successes

Dear Highly Valued reader – and potential entrepreneurs of the 2011 class. I know that Im one of the most intensive promoters of entreprenuerial lifestyle in the techworld. Ups and Downs – Good and Bad – Fantastic and Horrible. I know a lot you highly valued readers are either entreprenuers – who reads my bullshit – just to get confirmed that there are people more crazy then you. Or you are wannabees who just flirt with the idea – or you are just about to jump into it…

Valuation Hysteria Is Comming

I feel that I have to state it AGAIN: It takes about 5 years and its seldomly without profit you can sell companies for sky high numbers – and get a chance to be called an over night succes…

Im working more then ever –
and I feel more succesfull then ever.
And I think the technology entreprenuers are having a better time then ever.

But be carefull – we are on a direct path to a new tech hystria – Facebook and Groupon drives it  – these companies are historically growth monsters breaking all existing rules for generating growth and profits. And they inspirethousands of people to go into tech ventures*. AND ITS GREAT – the Kaufamann Foundation points at entreprenuers and entreprenuership driving nearly all Jobs Creation in the US. We need Startups to create those jobs – to preserve the biggest luxury we dont remember on daily basis: Social Stability in many many coutries. But.

But There Is A But

But Twitter (and Skype) is planting a dangerous virus in the newcomming entreprenuers heads.

But I have to warn all the startups who thinks HAVING NO REVENUE MODEL LIKE TWITTER is a way to build a company. A company has to make CASH – one way or the other…

Its VERY SELDOM that a company can be sold on promise, idea, userbase or disruption alone. Write it on your laptop!

Thats it

I still recommend everyone who gets goosebumps – when they visualise a day where they have their own company – and decide themselves what to do – and work on exactly what they love to do! But remember its shit hard – and you still have to do a lot of household stuff – like taking out the garbage and deal with crazy good competitors from the whole world… Its not heaven – but its close – and I love it. LOVE IT. Its takes just in between 5years and a lifetime to make it. Just get used to it – you probably have to be a bit crazy – look who is writing.

*The Scial Network (the movie) – is one big promotion and vocabulary on building a company and reaching the skies – off course also showing that capitalism is hardcore. But get used to it – it insanely competitive.