I am not sure if it is harder or easier today to run a start-up?
Fifty years ago, if you were had a $1 billion market capitalization, you had 5,000 employees. Now you need 50.
It makes sense that those 4,500 forced to look in should be able to bitch and moan and offer suggestions.
It’s why talk radio mixed with sports has always been such a hit…with everyone BUT the athletes.
As blogging and now microblogging have grown, the armchair quarterback has evolved and mutated to something I call ‘The Armchair Entrepreneur’.
Most calls I handle about Stocktwits start with….so how will you make money?
Even my mom asks me. It’s why I had to block her.
There was no way you got asked those questions 20 years ago unless you were the bank.
When I thought I had a life, I was an armchair football coach, baseball manager, GM, referee,…you name it.
When I seriously ran my hedge fund as a daily profit and loss shop with more than one trader, I was an armchair trader. You think I am annoying now….yowza! I don’t think you can ever truly enjoy running a hedge fund so actually the web just makes it worse. No discussion. But I digress.
Today, the web entrepreneur is like a start athlete.
You are going to get feedback whether you like it or not.
There are at least 10,000 armchair Twitter CEO’s. Shit, if I was Twitter CEO I would have sold out $600 million ago to Facebook or floated a small IPO at the time, bought Bit.ly, Tweetdeck and Stocktwits and retired Howard Lindzon’s jersey. But alas, I can only blog about what I would do.