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Month: August 2015

Quotes August 2015

Quotes August 2015

“Investors want to believe in someone. Forecasters want to earn a living. One of those groups is going to be disappointed. I think you know which.” – Morgan Housel

“What it takes to be a successful academic is not necessarily aligned with what it takes to be a good scientist.” – Marcus Munafo

“Entrepreneurship is three things: a set of business skills, a set of political skills, and a stash of hoarded unfair advantages, held in reserve for the right opportunity. When the latter two vanish, it becomes merely a teachable generalist skill, rather than a cultivated talent for successful risk-taking.” – Venkatesh Rao

“I think it’d be interesting to get a tattoo of a dozen Easter eggs, but tell the tattoo artist to hide them… And then if somebody finds all of the Easter eggs, you know they really like you.” – Brian Regan

“We popularized the message “be an entrepreneur, start a company!” when we should have said “get good at something, understand what needs to be done.”” – Carlos Miceli

“It occurred to me that there were two sets of virtues, the résumé virtues and the eulogy virtues. The résumé virtues are the skills you bring to the marketplace. The eulogy virtues are the ones that are talked about at your funeral — whether you were kind, brave, honest or faithful. Were you capable of deep love?

We all know that the eulogy virtues are more important than the résumé ones. But our culture and our educational systems spend more time teaching the skills and strategies you need for career success than the qualities you need to radiate that sort of inner light. Many of us are clearer on how to build an external career than on how to build inner character.

But if you live for external achievement, years pass and the deepest parts of you go unexplored and unstructured. You lack a moral vocabulary. It is easy to slip into a self-satisfied moral mediocrity.” – David Brooks

Bootstrapping vs. Fundraising’s Glamour

Bootstrapping vs. Fundraising’s Glamour

Laura Roeder writes about Zirtual’s demise. Some key quotes from Laura’s point about choosing bootstrapping over fundraising as a business philosophy:

1) “Playing with the levers of how much profit my company generates feels much more in my control than the levers of trying to get funding from others.”

2) “I can imagine the pain of admitting failure to someone that you previously spent all of your energy trying to convince of your success.”

3) “I’m happy to be doing business “the old fashioned way” — where unless your customers confirm your value in the form of real dollars, you don’t make it.”

In a world where glamour and novelty dictate what most people pursue, including in the (supposedly) self-reliant path of entrepreneurship, bootstrapping may be the ultimate act of guts and independent thinking in business.

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