My life does not need any re evaluation of any sort. I am an entrepreneur as well, and like all other entrepreneurs making money does not drive me, rather the creation of something from nothing is what really motivates me.
That being said, an acquisition from a large company would provide some third party validation, that I am sure many others creating something from nothing, crave.
Why am I jealous? I am jealous because I would love to start a company then sell it in two years for 30 million. Very simple.. Never said anything about defining personal success.
Thank god a post like this was brought up. This incident in CT has undoubtedly brought up a national debate about gun control, but I hope to God it sparks a debate about mental illness, the real cause behind all of these mass shootings.
Hoboken NJ was one of the hardest hit areas during Hurricane Sandy and needs help from the HN community. Hoboken has a small, but yet passionate group of tech entrepreneurs emerging from it's mile square radius and we want to help our surrounding neighbors get back on their feet. Please help anyway you can. Heal Hoboken!
He also lost me at poker. A lot of us entrepreneur types love poker because we just love risk, IMO. To say that you can comfortable make 85k a year playing poker is the most outlandish statement I've ever heard.
I also hate how people try and tell me poker is a skill. Yes to a degree it is, but it's more luck than anything once you understand the game, let's be real.
Seemed like a good blog post until he became delusional about poker.
What is the huge value added over traditional radio? That it's not FM? In terms of quality you mean? I thought when it first came out that their big pitch was no ads. But don't get me wrong, I also think satellite radio is better because of programming, sound quality, AND no ads.
Although I think they are running ads in some markets... Guess they couldn't survive on the no ads model and are going hybrid?
Think of it like FM radio. It's free for us to listen but we have to sit through advertisements. XM and sirius said hey, let's have people pay to listen, so don't have to make them sit through ads. Basically just a different biz model. That model can work though because you don't necessarily need critical mass to have people consume your content. (Yes to a certain extent you do) But the critical mass needed for the next twitter like platform would require a huge critical mass for people to continue to pay for the service. Just my stupid opinion
I totally agree with the "negative people" part. I once gave the groupon elevator pitch to a relative who knows nothing about what's going on in terms of start ups or anything internet. His response was it was the the stupidest idea ever and he thought I should focus my efforts on something more worth while. I then told him they started 4 years ago and it's a billion dollar company. His reaction was priceless.
I mention this story because everyone will always be negative if they have never heard of what you are doing. That's just human nature. As entrepreneurs we have to keep plugging forward amidst the criticism and build our dreams.
Basically all us entrepreneurs are the same, we don't become entrepreneurs to make money, we do it because we love to solve problems and create. I believe this program has the potential to solve a huge problem in our society and should be discussed by policy makers, drug companies, and pharmacies. It's right under our nose! People will bring back their old Rx's if you give them a reason to! We have been given clearance by the DEA and local authorities to run this pilot program, but we still need more funding. We appreciate the support!
I couldn't agree more with the notion that entrepreneurship is almost like an illness. When I go to a local "tech meet up" I almost feel as if it's an AA meeting. Everyone has the same problems, everyone has the same story, everyone trying to change the world.
I often wonder if life would be easier to "just quit" and not care so much about changing the world and just getting a "real job" and move on with my life. Problem is, just like other illnesses, we are just born with it. You can't quit. You may be able to take a few years off, but you'll never shake it, never.
To be honest I think most entrepreneurs are very OCD, and by being able to channel this obsession to their business, they are able to be extremely productive. Let's be honest we don't fit the "normal" mold. No one else oozes ambition like we do.
This makes me think that their "supply side" is fully stocked and that they really just need people to book nights on existing inventory. Kind of seems like they are neglecting the supply side and focusing on the demand right now, by putting the "list your space" all the way in the top right with a small box.
This is one of those start ups when you say, "wow, what took so long" With all of the credit card reward programs out there, it was only a matter of time until this came along. Everyone loves points, but sometimes consumers need to put on bifocals to read the terms and conditions and when the best times/places to use their card. Wallaby is basically going to do that for them on one card. This is amazing.
Our service may not be for everyone. If you are not concerned about a reward program, than most likely you would not use it. However, we do our best to connect our members with excellent Realtors in their marketplace, who are extremely knowledgeable in regards to affordability, what's on the market, etc..
I am aware of all of them and do agree that real estate is still very much people-driven, and in my opinion always will be. That being said, the way Realtors market themselves these days is not effective enough, that coupled with just the sheer number of Realtors, (Over 1 Million), makes for a bunch of marketing noise.
More or less your on target, our rev comes from referral fees, which vary, and also monthly subscriptions from local Realtors who would "own" their market, similar to how they can own their market on Zillow or Trulia.
Your are 100% correct that this space is competitive and expensive to catch users, and being creative is key, which is why we are going after strategic partners to help with the acquisition costs.