Dancing with the Angels

mrG — Fri, 31 Oct 2003 05:58:51 -0500

The thing about working for everybody is that you're working for everybody, so if you've ever worked in a company with twenty bosses, multiply that by a hundred and that's my target: To be working for the 2,000 daily unique visitors to TeledyN -- and every investing angel talking to Mr PayPal gets us that much closer! Sure it's only 6 people today, but yesterday it was only 4 and we've seen a 50% growth in the angel population, and a 30% in investment in just 24 hours ---

Why Do Angels Throw Money Away?

The concept of angel investors used to perplex me. Why would someone pour out huge amounts of their money on some project where they expect no tangible percentile return? As noble and humanitarian as it sounds, there's just no money in it. I understand George Soros as someone who just wants to make the world a better place and rich enough to do it, but I have a small dilemma in this here plan of mine that's predicated finding a thousand kind stranger angel investors dancing on the head of this pin.

Pond Crafting

But then, being the whole systems sort of thinker that I am, I realized: If you seed the root source of a new industry, it opens up all sorts of spin-off industries, and given the bootstrapped ecology opened by the original investment, it may be easier to illustrate the ROI to shareholding investors. It's like Bob Young said of the first few years where RedHat was in the red:

"My job is not to be the biggest fish in the pond. My job is to make that pond as large as possible."

And in this case, in this plan to replace an entire industry with a decentralized alternative, we are not simply making the existing pond bigger, we are terraforming whole new pond waters, inviting whole new era of bio-diversity ...

TeledyN - Dancing with the Angels - Comments

Dancing with the Angels

Why Do Angels Throw Money Away?

Pond Crafting