The Ups and Downs of Entrepreneurship – smoothed by EXECUTION

Posted by Howard
on October 2nd, 2006

Major highs and lows. There is no perfect business. There is no perfect deal. Exit strategies can appear out of nowhere and disappear in a flash.

A good idea to some, is a horrible idea to others.

The blogosphere – much like “crowds” is a dangerous place to trust consensus.

“Don’t Trust Whitey” – (Completely irrelevant – just a favorite line of mine from “The Jerk”, which I discussed all weekend with Chartreuse )

When all is said and done, your best chance at success comes from the management team and leadership.

Give me an average idea with a great management team and venture backers over a great idea with average management and “C” list VC’s.

This weekend, Pay Per Post announced that they raised $3 million . The blogosphere HATED this company when it was birthed just 3 months ago. That was a good sign. Management did not quit, they executed on their plan.

When you launch an idea and the blogoshere picks up on it these days, you better be prepared for a million opinions. The “wisdom of crowds” has never been louder than 2006 and this is just the beginning.

Unless you are willing to stay in “double secret stealth alpha” forever, you better be prepared for the noise, trust your instincts and focus on the plan.

So far, Pay Per Post is doing so. Now they have some more help and money to better execute their plan.

The NOISE just went up a level. I just sent the CEO some ear muffs :) .

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.