Posted by Tom Blue on May 18, 2009 under Companies, Executives, Funding, Investing | 
PEHub is reporting that Minyanville just received $2M in venture capital financing. I have never heard of Minyanville, but apparently they get roughly 650,000 unique visitors a month. They are a media company that focuses on educating people in finance. The founder, Todd Harrison, is an ex-Wall Streeter who was the featured columnist at TheStreet.com.
Posted by Tom Blue on December 17, 2008 under Companies, General, Investing, Technology |
1. Level Playing Field for Startups
Now is actually a fine time to create a bootstrapped startup. Competition is going to be severely diminished. I started Lead411 in 2001 in which very few startups were getting funded and I believe it was the best time. We weren’t overloaded with competitors and we were able to know if we were a legitimate business right from the start. We had to be profitable immediately.
2. The End of Arrogance(even if temporary)
I don’t know about you, but I was getting fed up with wall street, real estate brokers, and tech entrepreneurs thinking they were infallible. These people were praised by the media (and themselves) as if they were, in fact, geniuses. You aren’t a genius, you have just been given an unbelievable opportunity that was built upon incorrect valuations. 26 year olds making $700K+ a year is obsurd and should have made these geniuses stop for some introspection.
3. Confidence Boost For Others
I believe that while there are many arrogant people, others are too hard on themselves. They might doubt themselves or feel like others know more. Well, the one thing I have learned over the past few years is that no one knows anything. We had no idea what we were getting into with Iraq and we didn’t believe our stock market could crumble like it did. I mean, Bernanke is supposed to be the premier expert on the Great Depression and he didn’t even see this coming. That being said, believe in yourself because you probably know just as much as anyone else.
4. Maybe next year I will be able to afford a house… 
